Commercial Engineers to raise 1.72 bln rupees via IPO

Newswire

MUMBAI, Sept 29 (Reuters) - India's Commercial Engineers & Body Builders Co Ltd (CEBBCO), a maker of vehicle and locomotive bodies, said on Wednesday it plans to raise up to 1.72 billion rupees through an initial public offering of shares. The price band for the issue, which opens on Sept. 30 and closes on Oct. 5, has been fixed at 125-127 rupees per share, it said in a press release. The company will utilise around 803 million rupees of the proceeds to set up a unit with a ...

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