Shareholders okays StarBigBloc IPO – launch subject to approvals

New Delhi [India], June 17: StarBigBloc Building Material Ltd, a wholly-owned subsidiary of BigBloc Construction Limited (BSE: 540061), one of India’s leading manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels, has received shareholder’s approval to raise funds through an Initial Public Offering (IPO). The IPO aims to unlock shareholder value, raise growth capital for expansion, and potentially enhance the overall valuation of BigBloc Construction Ltd.

Highlights:

• In May 2024 board of directors approved to…