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Monday, April 03, 2006

Gammon Infrastructure files DRHP for IPO

Gammon Infrastructure Projects, GIPL, amongst the first companies in India to be modeled as an infrastructure development company incorporated by Gammon India, has filed its draft red herring prospectus, DRHP, with the securities & exchange board of India, Sebi, for its forthcoming initial public offering, IPO as per company announcements.

The company plans to enter the capital market with a public issue of 2,71,51,500 equity shares of Rs 10 each for cash at a premium to be decided through a book-building process.

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