Antony Waste plans Rs 3.50 billion IPO in June 2019

Antony Waste Handling Cell, which processes almost half the garbage generated by Mumbai, will tap the capital market in June 2019 with a Rs 3.5 billion IPO. This will make it the first municipal solid waste management company to be listed on the bourses in the country. The IPO will include an offer for sale by its private equity investor Elliott Management Corporation, which had first invested in the company almost a decade ago. A small part of the issue – around Rs 430 million –  will be a fresh issue, the proceeds of which will be used to pare debt.