Sasken IPO on Aug 11

By agencies   |   Friday, 05 August 2005, 19:30 IST
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BANGALORE: Sasken Communication Technologies said its initial public offering would open on August 11 and close on August 17. The company is offering 5 million equity shares of Rs 10 each for cash at a premium to be decided through the book-building process. Sasken has fixed a price band of Rs 230-260 per share, which would translate into an issue size of between Rs 1.15 billion and Rs 1.3 billion. The net offer to public would constitute 16.36 percent of the fully diluted post-issue paid-up equity capital, it said in a release.

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