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Laurus Labs sets IPO price band at Rs 426-428 per share

The firm proposes to use the net proceeds from the fresh issue towards pre-payment of term loans

Press Trust of India  |  New Delhi 

Pharma company Laurus Labs will launch its initial public offering (IPO) next week and it has fixed the price band at Rs 426-428 per equity share. The IPO  is scheduled to open on December 6 and close on December 8, the company said. The offer consists of fresh issue of equity shares aggregating up to Rs 300 crore and an offer for sale of 24,107,440 equity shares by the selling  shareholders namely Aptuit (Asia) Private, Bluewater Investment, FIL Capital Management (Mauritius) and Fidelity India Principals (acting through its  trustee FIL Capital ...

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First Published: Tue, November 29 2016. 23:37 IST
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