Besides, leading logistics service and solutions provider, Seaways Shipping & Logistics has also got Sebi’s nod to float an IPO. Varun Beverages and Seaways Shipping & Logistics had filed their draft red herring prospectuses with the Securities and Exchange Board of India (Sebi) in June and March, respectively. The initial public offer (IPO) of Varun Beverages entails sale of up to 2.5 crore shares, including fresh issue of 1.5 crore shares and offloading of stake by the promoters. Sources said Varun Beverages expects to raise more than Rs1,000 crore through the IPO. The global coordinators and book running lead managers to Varun Beverages offer are Kotak Mahindra Capital Company, Axis Capital and CLSA India.

Source: Mint September 07, 2016 09:00 UTC