MUMBAI: Construction firm Kaushalya Infrastructure Development Corp Ltd on Tuesday set a price band of Rs 50-60 for its initial public offer of 8.5 million shares -- 43.35 per cent of the post issue paid up capital.
The company, which plans to use the funds for investments in toll projects and land acquisition, would raise Rs 510 at the top end of the price band.
SREI Capital Markets is the lead manager to the issue that would open on November 20 and close on November 23.
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