Mumbai based IT solution provider Orient Technologies announced price band of Rs 195 to Rs 206 per equity share of Rs 10 face value for Rs 214.76 crore initial public offering. (Image: LinkedIn)
Mumbai: Mumbai based IT solution provider Orient Technologies announced price band of Rs 195 to Rs 206 per equity share of Rs 10 face value for Rs 214.76 crore initial public offering. The public issue opens on August 21 and closes on August 23, 2024.The IPO is a combination of fresh issue of Rs 120 crore and an offer for sale of Rs 94.76 crore.The net proceeds from the fresh issue will be used to fund acquisition of office premise at Navi Mumbai and funding capital expenditure requirements-purchase of equipment.
( Source : Deccan Chronicle )
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