Financial Daily from THE HINDU group of publications
Wednesday, Jul 27, 2005
Financial Daily from THE HINDU group of publications Wednesday, Jul 27, 2005 |
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Marketing
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IPOs HT Media plans IPO Our Bureau
New Delhi , July 26 HT Media Ltd is planning to raise Rs 300-400 crore through an initial public offer. It plans to offer 7.69 million shares at a price range of Rs 445-530. The company said the IPO comprises fresh issue of 46,40,000 equity shares of Rs 10 each and an offer for sale of 23,55,000 equity shares of Rs 10 each from HPC (Mauritius) Ltd. The HT Media IPO will also have a greenshoe option of 6,96,000 shares by the promoters, Hindustan Times Ltd. The funds would be utilised to primarily meet the company's capital expenditure plans and brand building initiative.
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