SEBI Approves Emami Cement IPO

Emami Cement Ltd's IPO could hit the market in the next six months with SEBI approving the issue, company sources said on Wednesday.
The company is looking to raise Rs 1,000 crore through the IPO, which comprises fresh issuance of shares worth Rs 500 crore, and the rest as an offer for sale from existing promoters.
Emami Cement currently operates three manufacturing plants at Risda in Madhya Pradesh, Panagarh in West Bengal and Bhabua in Bihar, having a capacity of 5.6 million tonnes.

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