Business Daily from THE HINDU group of publications
Tuesday, February 27, 2007
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Business Daily from THE HINDU group of publications Tuesday, February 27, 2007 |
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News Update as at 18.00 hrs (IST)
Markets Broadcast Initiatives sets IPO price at Rs 120 a share MUMBAI: Broadcast Initiatives Ltd said it raised Rs 103 crore in its recent initial public offer (IPO) to fund expansion. The 8.55 million-share issue was priced at Rs 120 a share, at the top end of the Rs 100-120 book-building band, the company said on Tuesday. The issue was subscribed more than 3 times the offer size, data with the National Stock Exchange showed.
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