Sep 24, 2010, 02.34 PM IST | Source: CNBC-TV18

Madhucon Infra may file DRHP: Madhucon Projects

Madhucon Projects says Madhucon Infra may file Draft Red Herring Prospectus (DRHP), report CNBC-TV18, quoting DJ.

Madhucon Infra may file DRHP: Madhucon Projects

Madhucon Projects says, its subsidiary Madhucon Infra may file draft red herring prospectus (DRHP) with the market regulator SEBI, 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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