Mahindra Holidays & Resorts India Limited (the "Company"), a leisure hospitality provider offering quality family holidays and part of the Mahindra Group of Companies, has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India for an Initial Public Offering of 92,65,275 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process (the "Issue"). The Issue would constitute 11.0% of the fully diluted post-issue paid-up capital of the Company.
The Equity Shares offered through this draft red herring prospectus of the Company are proposed to be listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.
