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Tech Mahindra IPO
By agencies
|
Wednesday, 26 July 2006, 19:30 IST
MUMBAI: Tech Mahindra Ltd. today said it had priced its shares at 
315 to 365 for its forthcoming Initial Public Offer.
Tech Mahindra is a venture between India's Mahindra and Mahindra Ltd. (M&M) and UK's BT Group Plc.
The public issue of 12,746,000 equity shares, consisting of fresh issue of 3,186,480 equity shares and offer for sale of 9,559,520 equity shares by M&M and BT.
The issue price is 31.5 times the face value at lower end of price band, and 36.5 times at top of the band.
315 to 365 for its forthcoming Initial Public Offer.
Tech Mahindra is a venture between India's Mahindra and Mahindra Ltd. (M&M) and UK's BT Group Plc.
The public issue of 12,746,000 equity shares, consisting of fresh issue of 3,186,480 equity shares and offer for sale of 9,559,520 equity shares by M&M and BT.
The issue price is 31.5 times the face value at lower end of price band, and 36.5 times at top of the band.
