Nuziveedu Seeds Said to Appoint Goldman, IDFC to Manage IPO
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Nuziveedu Seeds Pvt. picked five banks including Goldman Sachs Group Inc. and IDFC Capital Ltd. to manage an initial share sale that may raise up to 8 billion rupees ($162 million), said people with knowledge of the matter.
The company, based in the southern Indian state of Andhra Pradesh, also selected Enam Securities Pvt., JM Financial Ltd. and JPMorgan Chase & Co. for the offering, which is expected to take place in the first half of 2012, the people said. They asked not to be named because the details are private.