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ITI cuts FPO price band, extends issue period

ITI cuts FPO price band, extends issue period

Tuesday, January 28, 2020, 8:13 PM

State-run ITI cut the price band for its ongoing follow-on public offer (FPO) to raise up to Rs 1,400 crore, and extended the issue until January 31. The issue was initially slated to close today. The telecom equipment maker cut the price band to Rs 71-77 per share, from Rs 72-77 per share following a tepid response.
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