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This is an archive article published on July 28, 2010

Bajaj Corp sets Rs 630-660 IPO band

Hair oil producer Bajaj Corp said it has set a price band of 630-660 rupees per share...

Hair oil producer Bajaj Corp said it has set a price band of 630-660 rupees per share for its initial public offering of 4.5 million shares,according to an advertisement in Business Standard newspaper on Wednesday.

Bajaj Corp is a unit of Bajaj group,which owns India’s top sugar maker Bajaj Hindusthan,among others.

The offer will open on August 2,2010,the company said in the advertisement.

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In early March,the company said its offer would constitute 15.3 percent of its post-issue paid up equity capital and the IPO proceeds would be used for product expansion and acquisitions.

Kotak Mahindra Capital is the sole book-running lead manager to the issue.

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