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PKH Ventures files for Rs.500-Cr IPO

Economic Times  

Mumbai-based PKH Ventures, which is involved in construction and development, has filed for a Rs 500 crore initial public offer. The IPO will comprise a fresh issue of up to 2.43 crore shares and an offer for sale of up to 50 lakh shares by the promoter. Monarch Networth Capital is the sole book running lead manager to the issue. The proceeds will be utilised for development of Halaipani Hydro-power Project, development of Phase I of Amritsar Real Estate and working capital requirements.