PSU PRESS RELEASE
Hudco files draft papers with Sebi for IPO
New Delhi, Jan 3 (PTI) State-run Hudco has filed draft papers with capital markets regulator Sebi to raise funds through an initial share sale as part of the governments disinvestment drive.
The initial public offer will see sale of 200,190,000 equity shares --10 per cent stake -- by the central government through an offer for sale (OFS)route, as per the Draft Red Herring Prospectus (DRHP).
A discount of up to 5 per cent on the issue price for retail investors and Hudco employees would be given.
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