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Saturday, October 27, 2007
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IPO News
Oct 22 2007 5:46PM
Globus Spirits files preliminary papers for IPO

MUMBAI, Oct 22 (Reuters) - Alcohol beverages company Globus Spirits Ltd has filed preliminary papers with the market regulator for an initial public offering, it said in a statement on Monday.

The company plans to raise 680 million rupees, which it would use to ramp up production, bottling and storage facilities as well as develop and acquire Indian-made foreign liquor brands.

SREI Capital Markets Ltd is the lead manager to the issue, it added. ((Reporting by Jasudha Kirpalani, editing by Prem Udayabhanu; Reuters Messaging: [email protected]; +91 22 6636 9028) Keywords: GLOBUS IPO/

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