Mahindra Holidays & Resorts files DRHP

Mahindra Holidays & Resorts India Ltd., a leisure hospitality provider offering quality family holidays and part of the Mahindra Group of companies, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) of 92,65,275 equity shares of Rs10 each for cash at a price to be decided through a 100% book-building process. The issue would constitute 11% of the fully diluted post-issue paid-up capital of the company. The equity shares offered through this draft red herring prospectus of the company are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).