India: Nirma Group’s cement arm Nuvoco Vistas Corp seeks to raise $666.6m via IPO

India: Nirma Group’s cement arm Nuvoco Vistas Corp seeks to raise $666.6m via IPO

Construction workers working with cement. Photo: Pixabay

Nirma Group’s cement company, Nuvoco Vistas Corp. Ltd, on Thursday filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise Rs5,000 crore through an initial public offering (IPO).