IT People (India), providing IT products, solutions and services, will raise $25 million (around Rs 105 crore) through Global Depository Receipt (GDR) .


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The company intends to use the proceeds for enhancing its product development plans and its reach into new markets in India and oberseas. The company will also invest a part of the funds in Exchanges and in inorganic growth opportunities.</P>
</p><p class='TableClas'>IT People has received in principle approval from the Bombay Stock Exchange and is in process of filing its offering circular with the Luxemburg Stock Exchange.</P></p><p class='TableClas'></p></table>


IT People to raise $25 mn through GDRs

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