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IPO News
Sep 1 2008 10:01AM
Resurgere Mines shares list marginally above issue price

MUMBAI, Sept 1 (Reuters) - Shares of Resurgere Mines and Minerals Ltd <RESU.BO> <RESU.NS> listed at 272.05 rupees on the BSE on Monday, marginally higher from its issue price of 270 rupees a share.

The shares were trading at 281.70 rupees on the BSE at 9.56 a.m. (0426 GMT), after touching a high of 296 rupees.

The company raised 1.2 billion rupees through its 4.45-million-share initial public offer. The funds are to be deployed for setting up extracting and crushing facilities and to purchase six railway wagons.

(Reporting by Prashant Mehra; editing by Sunil Nair) (([email protected]; +91 22 6636 9029; Reuters Messaging: [email protected]))

Keywords: RESURGERE LISTING/

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