Bharat Road Network Ltd - IPO

Bharat Road Network Ltd IPO Details

Public issue of 29,300,000 equity shares of face value Rs. 10.00 each (equity shares) of Bharat Road Network Limited (the company or the issuer) for cash at a price of Rs. 205 per equity share (including a share premium of Rs. 195 per equity share) aggregating Rs. 600.65 crores (issue). The issue would constitute 34.90% of the post-issue paid-up equity share capital of the company.The face value of the equity share is Rs.10 each. The issue price is Rs.205 and is 20.50 times the face value of the equity shares.

Objective of issue

Advancing of subordinate debt in form of interest free unsecured loan to its subsidiary, STPL, for part financing of STPL project. Acquisition of the subordinate debt in the form of unsecured loan/OCPIDs/warrants/OCDs, advanced/held by SREI to/in the identified SPVs. General corporate purposes.

Bharat Road Network Ltd Contact Details

Bharat Road Network Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - corporate@brnl.in

Website - www.brnl.in