Realty firm Signature Global files IPO papers, plans to raise ₹1,000 crore
Updated: 13 Jul 2022, 03:48 PM IST
TL;DR.The company, through the IPO, proposes to utilize the net proceeds from the towards payments of certain borrowings, infusion of funds in subsidiaries such as Signature global Homes, Signature Infrabuild, Signature Global Developers, and Sternal Buildcon for payment, borrowings availed by subsidiaries, as well as inorganic growth through land acquisitions.
FILE PHOTO: A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas