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Wednesday, November 14, 2007
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IPO News
Nov 13 2007 12:13PM
Jyothy Labs sets 620-690 rupees/shr IPO price band

MUMBAI, Nov 13 (Reuters) - Household care products maker Jyothy Laboratories Ltd on Tuesday set a price band of 620-690 rupees for its initial public offering of 4.43 million shares, representing 30.52 percent of the post issue paid up capital.

The company makes fabric care brand 'Ujala'.

Selling shareholders include Canzone Ltd, ICICI Bank, South Asia Regional Fund and CDC Investment Holdings.

Kotak Mahindra Capital and Enam Securities are the lead managers to the issue that is open between Nov. 22 and Nov. 27. (Reporting by Jasudha Kirpalani, editing by Harish Nambiar) (([email protected]; +91 22 5636 9028; Reuters Messaging: [email protected] )) Keywords: JYOTHY IPO/

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