With the recent meltdown of Property and Construction stocks, the sailing will be extremely rough for the Adanis.
Tags: Mundra SEZ, IPO India, SEZ India, Realty Stocks
Thursday, March 08, 2007
After Mahidras, Adani's Mundra SEZ to List on Bourse
Mahindra Gesco was the first pure play SEZ stock to be listed on the Indian stock exchanges. Now Adani's promoted Mundra Port and Special Economic Zone Ltd has filed for Draft Red Herring Prospectus with SEBI for an IPO. The IPO is expected to raise $300 Million. The proceeeds of the IPO will be utilized in further development and modernization of the SEZ.
With the recent meltdown of Property and Construction stocks, the sailing will be extremely rough for the Adanis.
With the recent meltdown of Property and Construction stocks, the sailing will be extremely rough for the Adanis.
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