The initial public offering of Kishore Biyani's Future Capital Holdings has got clearance from SEBI, according to CNBC-TV18 quoting sources. The company is looking to raise Rs 400 crore through IPO.
Future Capital Holdings is offering 64.2 lakh shares via IPO and diluting 10.16% of equity. Promoters holding will reduced to 74% from current 83%.
Currently the listed Pantaloon holds 61%, which will come down to 55% post IPO. Kishore Biyani's stake will come down from 6.6% to 6% post IPO.
O(x)us Investments holds 8.6% in Future Capital. It has picked up stake in June 2007 at Rs 178 per share.
RHP is likely to be filled in the next 7-10 days.
Source: Moneycontrol.com
No comments:
Post a Comment