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HONG KONG (Reuters) - Varun Beverages Ltd has set a price range of 440-445 rupees each for its planned initial public offering (IPO), which is targeting to raise between $165 million and $167 million, according to a term sheet of the deal obtained by IFR.
The company will have a market value of about $1.2 billion after the IPO, which will be open for subscription between Oct. 26-28, the terms showed. The shares will start trading on or around Nov. 8.
(Reporting by Anuradha Subramanyan; Editing by Sherry Jacob-Phillips)
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