ASHOK B SHARMA
Posted online: Saturday , August 18, 2007 at 0018 hrs IST
New Delhi, Aug 17 The wind energy major Indowind Energy Ltd has planned to raise Rs 81 crore (Rs 810 million) through an initial public offer (IPO) later this month for its expanding business, including setting up a new wind farm project in Karnataka.
The Chennai-based company will offer 1.25 crore (12.5 million) equity shares within a price band of Rs 55-65 per share. It will raise Rs 68.75 crore at the lower end and Rs 81.25 crore (Rs 812.50 miilion) at the higher end. The IPO will open from August 21 to 24.
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