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Friday, February 17, 2006

Emkay Share plans Rs 90-100cr IPO, files DRHP

Emkay Share & Stock Brokers has filed its draft red herring prospectus with the Securities and Exchange Board of India, Sebi, to raise funds for its expansion plans, estimated to be in the region of Rs 90-100 crore (Rs 900-1000 million), reports The Hindu Business Line.

The company will issue fresh shares of 62,50,000 shares through 100% book building route, a release said.

The company, incorporated in 1995, holds membership in the Bombay Stock Exchange, National Stock Exchange and commodity exchanges of MCX and NCDEX (through its associate/subsidiary companies).

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