KPR Agrochem and Nihilent Technologies are the other two companies from which Sebi has sought information. Without disclosing the details of clarifications sought, Sebi has said that it is awaiting response from 'Lead Managers' for the proposed public offers.
As many as five firms, including Mahanagar Gas and Equitas Holding, have received markets regulator Sebi's approval in New Year to launch their initial public offerings (IPOs) to fund business expansion and meet working capital requirements.
GVR Infra initial public offering (IPO) comprises fresh issue of equity shares worth Rs 400 crore and an offer for sale, whereby IDFC Private Equity Fund would offload 43.22 lakh scrips, as per the draft papers.
GVR Infra's initial public offering (IPO) comprises fresh issue of equity shares worth Rs 400 crore and an offer for sale, whereby IDFC Private Equity Fund would offload 43.22 lakh scrips, as per the draft papers.
The agreement is for the development of Chennai Outer Ring Road phase II from Nemilicheri in NH 205 to Minjur in Thiruvottiyur - Ponneri - Panchetti road on design, build, finance, operate and transfer annuity basis at Chennai, the company said in its filing.
Ashoka Buildcon and GVR Infra Projects - a consortium (50%:50%) have emerged as the lowest bidder for the road project in Chennai. The stock gained as much as 6.66 percent to touch an intraday high of Rs 213 on Wednesday.
Fitch Ratings has assigned India's GVR Infra Projects Limited (GVRIPL) a National Long-term Rating of 'Fitch BBB+(ind)'. The Outlook is Stable.