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Fine Organic $89 million IPO to open on June 20


(Reuters) - Indian has set a price range of 780 rupees-783 rupees a share for an (IPO) that will open on June 20, according to a public notice on Wednesday.

At the upper end of the range, the IPO, which closes on June 22, will raise about 6 billion rupees ($88.7 million), the notice said.

Fine Organic's founders will sell up to 7.7 million shares through the IPO, comprising a quarter of the post-offer share capital of the company.

Edelweiss and are the bookrunners for the sale.

($1 = 67.6300 Indian rupees)

(Reporting by Vishal Sridhar in Bengaluru, Editing by Sherry Jacob-Phillips)

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

First Published: Wed, June 13 2018. 16:13 IST