Madhucon Projects says Madhucon Infra may file Draft Red Herring Prospectus (DRHP), report CNBC-TV18, quoting DJ.
The company is planning to dilute about 25% stake in Madhucon Infra via initial public offering (IPO).
At 13:41 hours - a share of Madhucon Projects was trading at Rs 151.65, up Rs 0.55, or 0.36%. It was trading with volumes of 94,016 shares, compared to its 5-day and 30-day average of 35,829 and 42,185 shares, an increase of 162.40% over its 5-day average / increase of 122.86% over its 30-day average.
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