1st June 2011
ACB (India), which operates coal washeries, has filed preliminary papers with market regulator SEBI for an initial share sale to raise over Rs 1,000 crore.
The issue comprises fresh equity as well as sale offer of 2.8 crore shares, the firm said in a statement.
The price band would be decided through the book-building process. Post IPO, the shares would be listed on the National Stock Exchange and the Bombay Stock Exchange.
Global coordinators for the issue are IDFC Capital, Edelweiss Capital, JP Morgan India and Macquarie Capital Advisers (India).
According to the statement, the Book Running Lead Managers to the issue are Axis Bank, ICICI Securities and YES Bank.
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