SRS Ltd obtains Sebi nod for its IPO
SRS Ltd, a company into cinema exhibition, food and beverages, retail and manufacturing and retailing of jewellery, today said that it has obtained Sebi approval for its initial public offering (IPO). April 20, 2011 / 20:47 IST
SRS Ltd, a company into cinema exhibition, food and beverages, retail and manufacturing and retailing of jewellery, today said that it has obtained Sebi approval for its initial public offering (IPO).
The company is now in the process of filing its RHP, it said in a press release issued here.
SRS Ltd will issue 35,000,000 equity shares of Rs 10 each, constituting 25.13% of the post-issue share capital of the company.
The objective of the issue is to raise funds for setting up of cinemas, food courts and restaurants. The company also plans to set-up retail stores, jewellery manufacturing facility and jewellery retail stores, the release said. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
