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Thursday, June 01, 2006

Asia Leisure Services files with Sebi

Asia Leisure Services, engages in tours and travel, proposes to enter equity market with a public issue of 85,72,000 shares of Rs 10 each through 100% book building, reports The Economic Times.

The company intends to utilise the funds raised through this issue to part finance its expansion plan. The project envisages construction of hotels or taking over of existing hotels on long term lease, the company said in a statement.

It has appointed IDBI Capital Market Services as the book running manger and Intime Spectrum Registry as the registrar.

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