Technofab to Raise as Much as 696 Million Rupees From Initial Share Sale

Technofab Engineering Ltd. plans to raise as much as 696 million rupees ($15.2 million) in an initial public offering in India.

The company will seek to sell 2.9 million shares for 230 rupees to 240 rupees each from June 29 to July 2, according to an advertisement in the Business Standard newspaper.

To contact the reporter on this story: Ruth David in Mumbai at rdavid9@bloomberg.net

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