Published on Wed, Oct 05, 2011 at 15:56 | Source : PTI
Updated at Wed, Oct 05, 2011 at 15:58
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Tara Jewels to launch Rs 200-cr IPO soon
City-based jewellery exporter Tara Jewels has received approval from market regulator SEBI to launch its Initial Public Offer (IPO), a top company official said today.
City-based jewellery exporter Tara Jewels has received approval from market regulator SEBI to launch its Initial Public Offer (IPO), a top company official said today.
Tara Jewels had filed the Draft Red Herring Prospectus (DRHP) following which SEBI gave the approval. The company expects to raise up to Rs 200 crore through the share sale, Rajiv Sheth, Chairman and managing director of Tara Jewels told reporters here after inaugurating the company's showroom.
Tara is a leading jewel export company with a turnover of Rs 1,000 crore. The company has 30 outlets in India and will soon open 20 more in various parts of the country, he said.
