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New Delhi, Oct 16 (UNI) C&C Constructions Ltd, an infrastructure project development company, today said it has filed its draft red herring prospectus with market regulator Securities and Exchange Board of India (SEBI) for its forthcoming public issue.

The company proposed to make an initial public offer of 54.7 lakh equity shares of Rs 10 each, through 100 per cent book building issue. The issue shall constitute 30 per cent of the fully diluted post-issue capital of the company.

Edelweiss Capital Ltd is the Book Running Lead Manager to the issue, the net proceeds of which are intended to be used for funding the company's capital expenditure requirements, augmenting its working capital resources and for investment in various Build Operate and Transfer (BOT) projects.

The company provides engineering, procurement and construction services for infrastructure projects in India and Afghanistan, and has been involved in transportation engineering projects including roads, bridges, flyovers and airport runways.

The company's clients include National Highway Authority of India, Airport Authority of India, Public Works Department of various state governments, Punjab Infrastructure Development Board, PWD Afghanistan, RITES Limited etc.

UNI RA PKS RN1838