Samvardhana Motherson files for Rs1,750 cr IPO

Samvardhana Motherson files for Rs1,750 cr IPO

New Delhi: Samvardhana Motherson Finance said on Wednesday it filed with regulators to raise Rs1,750 crore through an initial public offering (IPO).

The IPO comprises Rs1,410 crore of a fresh issue of equity shares and a Rs336 crore offer for sale of shares by Radha Rani Holdings, the company said.

Standard Chartered Securities and J.P.Morgan India are the main bankers for the issue, Samvardhana said in a statement.

REUTERS

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