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Wednesday, November 14, 2007
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IPO News
Nov 13 2007 12:03PM
Kaushalya Infra IPO to raise 510 mln rupees

MUMBAI, Nov 13 (Reuters) - Construction firm Kaushalya Infrastructure Development Corp Ltd on Tuesday set a price band of 50-60 rupees for its initial public offer of 8.5 million shares -- 43.35 percent of the post issue paid up capital.

The company, which plans to use the funds for investments in toll projects and land acquisition, would raise 510 rupees at the top end of the price band.

SREI Capital Markets is the lead manager to the issue that would open on Nov. 20 and close on Nov 23. (Reporting by Jasudha Kirpalani, Editing by Harish Nambiar) (([email protected]; +91 22 6636 9028; Reuters Messaging: [email protected] ))

Keywords: KAUSHALYA IPO/

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