HomeStock MarketSai Silks receives approval from SEBI to launch a ₹1,200 crore initial...

Sai Silks receives approval from SEBI to launch a ₹1,200 crore initial public offering

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  • The SEBI has given Sai Silks (Kalamandir) Limited permission to raise ₹1,200 crore through an IPO.
  • The IPO consists of a fresh issue of equity shares worth 600 crore rupees and an offer-for-sale by the promoters and entities from the promoter group of up to 1,80,48,440 equity shares.
  • The company intends to use the money to open two new warehouses, add stores, and settle debts.

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