Wednesday, March 8, 2017

BPPL IPO oversubscribed

Brush exporter BPPL Holdings’ its initial public offer of 30.68 million ordinary shares at Rs 12 each was oversubscribed the opening day.

The company said in a stock exchange filling that therefore they were closing the offer.The company also known as Beira group said Hirdramani Investment Holdings, which owns a 23.4 percent stake, sold 30.6 million shares to raise Rs 368.2 million. 

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