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Future Supply Chain shares rise 4.8% on trading debut post $101 million IPO

The issue had seen strong demand with investors bidding for nearly 7.5 times the shares on offer.

Reuters  |  MUMBAI 

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of Indian logistics provider Solution Ltd rose as much 4.8 per cent on their market debut after the company's 6.5 billion rupee ($101 million) initial public offering.

By 0436 GMT, were trading at 680.35 rupees, 2.4 percent higher than their issue price of 664 rupees.

The main market index was up 0.4 percent.

The issue had seen strong demand with investors bidding for nearly 7.5 times the on offer.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, December 18 2017. 10:29 IST
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