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IPO News
Mar 11 2008 2:12PM
India Ratnagiri Gas plans $250 mln IPO-chairman

NEW DELHI, March 11 (Reuters) - India's Ratnagiri Gas and Power Ltd, a joint venture between GAIL India Ltd <GAIL.BO> and NTPC Ltd <NTPC.BO>, plans to raise up to 10 billion rupees ($250 million) from an initial public offer (IPO) by the end of 2008, the company's chairman said.

"We hope to launch an IPO in October-December quarter," R.K. Goel told reporters on Tuesday. (Reporting by Nidhi Verma; Editing by John Mair) (([email protected]; +91 22 6636 9244; Reuters Messaging: [email protected]))

Keywords: RATNAGIRI/IPO

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