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Monday, August 13, 2007

Take Solutions fixes issue price at Rs 730/sh

Take Solutions, an international business technology company with a focus on life sciences and supply chain management solutions, has fixed the issue price at Rs 730 per equity share i.e. the upper end of the price band, for its initial public offer (IPO) of 2,100,000 equity shares of Rs 10 each for cash decided through the 100% book building process.

The price band was between Rs 675 and Rs 730 per equity share. The issue opened for subscription on August 1, 2007, and closed on August 7, 2007. It was subscribed 59.42 times.

The equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. The issue constitutes 17.50% of the fully diluted post issue paid-up equity capital of the company.

Take Solutions offers cost effective comprehensive business solutions backed by domain expertise, in Supply Chain Management (SCM) and Life Sciences (LS).

The sole book running lead manager to the iIssue is Edelweiss Capital Limited.

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