HCC rallies as Lavasa files for Rs 750-cr IPO

Jul 02 2014, 10:33 IST
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HCC said Lavasa has filed draft Red herring prospectus with Sebi to tap the primary market. (Reuters) HCC said Lavasa has filed draft Red herring prospectus with Sebi to tap the primary market. (Reuters)
SummaryHCC said Lavasa has filed draft Red herring prospectus with Sebi to tap the primary market by issuing equity shares with face value of R10.

issue proceeds for repayment of debt by fiscal 2016. As per the DRHP, as of March 2014, the consolidated debt of the company stands at R3,397.8 crore.

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