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30-Jun2017

Transwind Infrastructures to hit capital markets to raise upto Rs 7.29 crore

Transwind Infrastructures is coming out with an initial public offering (IPO) of 27,00,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 27 per equity share. The issue opens on June 30, 2017 and will close on July 04, 2017. The shares will be listed on NSE Emerge Platform.

The company will use the issue proceeds for meeting working capital requirement, capital expenditure, general corporate purpose and meeting public issue expenses.

The book running lead managers to the issue is Swastika Investmart, while the compliance officer for the issue is Jaydev Shukla.

Transwind Infrastructures is engaged in executing the Government's & Public sector undertaking Projects for various works such as infrastructure development projects in the growing sectors of Railways signaling and telecommunication, Quad cable & Optical Fiber Cable projects with its annual maintenance, Establishing the Gas Pipeline Network for the Gas Distributors.


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