Date:07/10/2008 URL: http://www.thehindu.com/2008/10/07/stories/2008100756191500.htm

Business - Briefly

Alkali Metals fixes price band

HYDERABAD: Alkali Metals, a chemical company, will enter the capital market with its initial public offering (IPO) on Tuesday to raise Rs. 25 crore. Addressing a press conference here on Monday, Managing Director, Y. V. S. Venkata Rao, said the company would offer 25.50 lakh equity shares of Rs. 10 each with a price band of Rs. 90-105. The issue will close on Friday. The net proceeds would be utilised for part-financing the expansion plans. — Special Correspondent