HONG KONG Oct 19 India's Varun Beverages Ltd
has set a price range of 440-445 rupees each for its planned
initial public offering (IPO), which is targeting to raise
between $165 million and $167 million, according to a term sheet
of the deal obtained by IFR.
Varun Beverages is offering up to 25 million
shares, comprising 15 million primary and the rest secondary
shares, representing 13.7 percent of the expanded capital, the
The company will have a market value of about $1.2 billion
after the IPO, which will be open for subscription between Oct.
26-28, the terms showed. The shares will start trading on or
around Nov. 8.
(Reporting by Anuradha Subramanyan; Editing by Sherry