October 12, 2018 / 12:07 PM / 5 days ago

India's Emami Cement files for up to 10 bln rupees IPO

Oct 12 (Reuters) - India's Emami Cement Ltd has filed for an initial public offering of shares worth up to 10 billion rupees ($135.94 million), it said here in a filing on Friday.

The offering consists of a fresh issue of shares of up to five billion rupees and an offer for sale of shares by existing shareholders up to 5 billion rupees.

The Kolkata headquartered company is a part of the Emami Group and has cement plants in West Bengal, Chattisgarh and Odisha. ($1 = 73.5600 Indian rupees) (Reporting by Sharnya G in Bengaluru; Editing by Vyas Mohan)

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