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Varun Beverages sets 440-445 rupees/share range for IPO

Reuters  |  HONG KONG 

(Reuters) - 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.

is offering up to 25 million shares, comprising 15 million primary and the rest secondary shares, representing 13.7 percent of the expanded capital, the terms showed.

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)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Varun Beverages sets 440-445 rupees/share range for IPO

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.

(Reuters) - 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.

is offering up to 25 million shares, comprising 15 million primary and the rest secondary shares, representing 13.7 percent of the expanded capital, the terms showed.

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)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
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Varun Beverages sets 440-445 rupees/share range for IPO

(Reuters) - 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.

is offering up to 25 million shares, comprising 15 million primary and the rest secondary shares, representing 13.7 percent of the expanded capital, the terms showed.

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)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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