GSPC IPO : likely to file papers in Oct

by khalid on 15/09/2009 · 0 comments

GSPC

State owned oil and gas exploration company Gujarat State Petroleum Corporation (GSPC) is likely to file its Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India (SEBI) next month.

GSPC is planning to raise around Rs 5,000 crore through this proposed IPO (initial public offering). The proceeds will be utilised mainly for the development of its Krishna-Godavari Basin assets and global business activities.

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