Indian IPO

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Friday, April 23, 2010

Shriram EPC unit files IPO papers

Shriram EPC said on Wednesday its associate firm, Orient Green Power, has filed for regulatory approval for an initial public offering of shares.

Shriram EPC owns 35.8% in Orient Green Power, which producers electricity from renewable sources, it said in a statement to the stock exchange.

JM Financial, Goldman Sachs and UBS Securities are the managers to the issue, it added.


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