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This Article is From Aug 29, 2017

Dixon Tech Sets Price Range For Up To Rs 6 Billion IPO Next Week

Consumer electronics maker Dixon Technologies (India) Ltd will sell shares in a price range of 1,760 rupees to 1,766 rupees.

Dixon Tech Sets Price Range For Up To Rs 6 Billion IPO Next Week
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Mumbai:Ā Consumer electronics maker Dixon Technologies (India) Ltd will sell shares in a price range of 1,760 rupees to 1,766 rupees in its initial public offering set to open on Sept.6, a public notice said on Tuesday.The IPO will raise about 6 billion rupees ($93.9 million) at the upper end of the price range.The company is selling new shares to raise up to 600 million rupees, while some of its shareholders are planning to sell just over 3 million shares in the offer that closes on Sept.8.Indian investment banks IDFC Bank, IIFL Holdings, Motilal Oswal and Yes Securities are managing the IPO.

Ā© Thomson Reuters 2017

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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