Mahindra Holidays IPO - M&M files for DRHP with sebi

• Author: rupya
• Filed under: Mahindra Holiday Resorts IPO
• Date: Dec 14,2007

Mahindra & Mahindra Ltd has informed the market that the Mahindra Holidays & Resorts India Ltd (the “Company”), a leisure hospitality provider offering quality family holidays and part of the Mahindra Group of Companies, has filed its Draft Red Herring Prospectus (”DRHP”) with the Securities and Exchange Board of India (”SEBI”) for an Initial Public Offering (”IPO”) of 10,719,347 equity shares of Rs 10 each for cash at a price (”Equity Shares”) to be decided through a 100% book-building process (the “Issue”). The Issue would constitute 13.0% of the fully diluted post-issue paid-up capital of the Company.
More details to come soon.