Mint reported on 22 June that Dilip Buildcon has asked its book-running lead managers to target the launch of the IPO in the second half of July, citing people familiar with the process. The government is planning to award 25,000km of road projects in 2016-17, compared with 10,000km in 2015-16. Mumbai: Mid-sized construction company and roads developer Dilip Buildcon Ltd Monday said it will open its initial public offering (IPO) in August, at a time of increasing interest from overseas investors in the infrastructure sector which is witnessing a turnaround. That followed with purchase of additional crushers and dumpers—equipment used in the construction sector. BanyanTree, which currently holds about 9.75% in the company, will sell about 6% stake or 7.95 million equity shares through the IPO.

Source: Mint July 25, 2016 10:17 UTC