Indian IPO

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Friday, February 22, 2008

Future Group company, Future Ventures has filed DRHP for IPO with the market regulator, Sebi. The company will issue 373.6 crore shares of Rs 10 face value through 100% book built issue.

It is planning to raise Rs 3736 crore. Net issue to the public will be of 266.07 crore equity shares and reservation of upto 25 crore equity shares for eligible shareholders of Pantaloon Retail (India).

The net issue would constitute 66.52% of the post issue paid up capital of the Company.

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