Indian IPO

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Tuesday, July 03, 2007

Religare Enterprises files draft papers for IPO

Financial services firm Religare Enterprises has filed draft papers with Securities Exchange Board of India (Sebi) for an initial public offer. Religare will offer up to 11.36 million shares of Rs 10 face value through a book-built issue.

Religare also said it may issue up to 3.78 million equity shares in a pre-IPO placement.

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