Friday, October 10, 2008

Mahindra Holidays Has HSBC Underwrite IPO - Oct 10, 2008

Mahindra Holidays & Resorts India (MHRIL), which is a part of the Mahindra Group and a hospitality provider, has hopes with State Bank of India, Kotak Mahindra Capital and Securities and Capital Markets to underwrite its primary market issue. Total 92,65,275 equity shares of Rs 10 each will be offered and the price will be decided through a 100% book-building process. The issue will comprise 11% of the company's fully diluted post-issue paid-up capital.

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