Business - Briefly

Deep Industries to tap market

NEW DELHI: Air and gas compression company, Deep Industries Ltd., on Thursday announced that it would be entering the capital market to mobilise Rs. 40 crore for part funding its expansion plans envisaging acquisition of plant and machinery besides office equipment. It is floating a fixed price IPO of 113 lakh equity shares of Rs. 10 each at a price of Rs. 36 per share aggregating Rs. 40.68 crore. The issue opens on August 29 and closes on September 4.

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