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Religare sets IPO band between Rs160-185

Religare sets IPO band between Rs160-185
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First Published: Mon, Oct 22 2007. 01 44 PM IST
Updated: Mon, Oct 22 2007. 01 44 PM IST
Reuters
Mumbai: Religare Enterprises, the financial services company from the Ranbaxy stable, has set a price band of Rs160-185 for its initial public offer, the company said in a statement.
At upper end of the band, the firm, which is selling 75.7 lakh shares, would raise Rs140 crore.
Enam Financial Consultants and Citigroup are advising Religarefor the issue.
Merrill Lynch has bought a 5% stake in the firm.
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First Published: Mon, Oct 22 2007. 01 44 PM IST
More Topics: Religare | Ranbaxy | IPO | Money Matters | IPOs |