NDTV public offer raises Rs 1.1 billion

By SiliconIndia   |   Friday, 30 April 2004, 07:00 Hrs
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MUMBAI: India's leading news broadcaster New Delhi Television Ltd (NDTV) has raised Rs 1.1 billion through its recently concluded initial public offering (IPO), a banker told a news agency.
"The shares were allotted at Rs 70 each," said the banker.

The issue was subscribed 36 times, and was offered in the price band of Rs 63-70.

The banker said NDTV shares are likely to be listed around mid-May.

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