The bank has appointed BDO India to seek expressions of interest (EoIs) from interested buyers.
The special township will be built on 88 acres of the surplus land for which the company will tie up with developers, says Kapil Bagla, CEO of Adlabs Entertainment.
Storyboard speaks to Cheuk Chiang, CEO Asia Pacific of Omnicom Media Group and to Andrew Frawley, Global CEO, Epsilon. Storyboard also showcases how Adlabs Imagica is drawing a parallel between crows and humans. Find out in today's Noticeboard.
The IPO of the company, which runs amusement park Adlabs Imagica, received a tepid response and was subscribed just 1.11 times with Thrill Park promoter holding reducing to 57 percent from 77 percent.
The public issue of Adlabs Entertainment has opened for subscription today. The company, which runs an amusement park, Adlabs Imagica, is going to issue 203.26 lakh equity shares at a price band of Rs 221-230 apiece. The issue will close on March 12
Many companies are expected to launch their IPOs in the coming months following the green signal received by market regulator Securities and Exchange Board of India (Sebi).
The equity shares are proposed to be listed on the BSE as well as the National Stock Exchange. Adlabs Entertainment, which filed its initial papers with Sebi in May, had received market regulator's approval in October to float its IPO.
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Six years since the project was first conceptualised, Adlabs Imagica, positioned as South Asia's largest amusement theme park, will open its doors to the public on Thursday. CNBC-TV18‘s Farah Bookwala reports.