Afcons Infrastructure plans pre-IPO sale of Rs 4,000 crore, IPO expected in October

Afcons Infrastructure, a unit of Shapoorji Pallonji (SP) group, is planning a pre-IPO sale offer of Rs 4,000 crore. Sources aware of this development have given this information. The move will bring in bigger investors, add credibility and potentially reduce its size ahead of the proposed IPO in October. (…)

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