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WAPCOS files IPO papers with Sebi as govt sets new divestment targets

Business Standard LogoBusiness Standard2 mo ago

WAPCOS files IPO papers with Sebi as govt sets new divestment targets - Business Standard

Quick Summary:

The public issue will be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, Government of India, according to the Draft Red Herring Prospectus (DRHP).

Public sector firm WAPCOS Ltd has filed preliminary papers with capital markets regulator Sebi to float an Initial Public Offering.

WAPCOS provides consultancy, and engineering, procurement and construction services in the field of water, power and infrastructure sectors.


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Article Details

Author / Journalist: Press Trust of India

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-26 @ 11:58:00 (2 months ago)

News Timezone: GMT +5:00

Ranking: #513 (out of 2704 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 544115

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About Business Standard

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Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 149 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

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Website Security: Secure (HTTPS)

Publisher ID: #49

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