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Avesthagen to raise Rs 850-950 cr from IPO

Posted on: September 9th 2009 in Press Releases.

Biotechnology company Avesthagen Ltd plans to raise Rs 850-950 crore next year, and this includes a revived public issue plan and overseas funds. Of this, the company would raise Rs 600-700 crore from an initial offer in the first half of 2010. “[Funding] is going to be on two cha…

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