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Biocon sets price band for clinical services arm Syngene's IPO

Syngene's IPO shall open for subscription on July 27 and close on July 29, Biocon said in a filing to exchanges.

twitter-logoReuters | July 16, 2015 | Updated 11:32 IST
Biocon Chairperson Kiran Mazumdar-Shaw
Biocon Chairperson Kiran Mazumdar-Shaw (Source: Reuters)

Drugmaker Biocon has set the price band for an initial public offering (IPO) of its clinical research services arm, Syngene International Ltd, at Rs 240-250 a share, it said on Thursday.

Syngene's IPO shall open for subscription on July 27 and close on July 29, Biocon said in a filing to exchanges.

Biocon said in April that it planned to sell 22 million shares and provide an overallotment option.

 

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