Bharat Road Network files draft prospectus with Sebi for an IPO
In a BSE filing on Friday, Srei said, "The company's Bharat Road Network has file its draft red herring prospectus (DRHP) dated February 16, 2017, with Sebi on February 17, 2017 in order to undertake initial public offering (IPO)."
As per the draft, the IPO will comprise a fresh issue of 2.93 crore shares. This would be a stake dilution of nearly 35% stake in BRNL. Photo: Reuters