Economy
NDR Group Files Draft Papers for Rs 750-Crore InvIT IPO
thehindu58m
THE BRIEF
1
NDR Group filed a draft offer document for a Rs 750-crore public issue to convert its existing private InvIT into a public NDR InvIT Trust.
2
The IPO consists of a Rs 450-crore fresh issue and a Rs 300-crore offer for sale, with proceeds intended to fund the acquisition of NDR Advanced Storage and NDR Storewell Warehousing.
3
The company reported a 18.4% sequential revenue increase to Rs 132.1 crore in the June quarter, with a portfolio spanning 18 cities and over 100 warehouses.