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Chennai: Alkali Metals Ltd has decided to extend the last date for its initial public offering to October 15 and also cut the price band to Rs 86-103 due to adverse market conditions. The company’s public issue of 25,50,000 equity shares in the price band of Rs 90 to Rs 105 a equity share was scheduled to close on October 10. According to NSE data, the issue was subscribed by just 33 per cent till Friday. – Our Bureau

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