Exquisite Exports to go public

	Financial Daily from THE HINDU group of publications Tuesday, July 04, 2000

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Exquisite Exports to go public

Our Bureau

CHENNAI, July 2

THE Chennai-based Exquisite Exports Ltd (EEL) is coming out with an initial public offering (IPO) of 15.9 lakh equity shares of Rs. 10 each at par aggregating Rs. 1.59 crores.

The objective of the IPO is to enable the company to part finance infrastructure cost of the medical transcription centre, to develop a portal on leather, and working capital requirements of the company.

The company, promoted by Mr. S. Aravindan, was incorporated in August 1994 to export finished leather and leather products as well as to offer computer courses. The company has diversified into medical transcription and has tied up for technical assista nce with C Bay Systems (India) Pvt. Ltd, an affiliate of C Bay Systems, US.

The company had tied up with Genetic Computer School, Singapore to impart computer education and training.

Mr. S.Rajan, President, EEL, said the company had launched a leather portal `leatherbureau.com' in May.