India's Samvardhana sets price band for $317 mln IPO-sources

Newswire

MUMBAI, April 26 (Reuters) - India's Samvardhana Motherson Finance Ltd has set a price band of 113-118 rupees a share for its initial public offering to raise about 16.65 billion rupees ($317 million) next week, two sources with direct knowledge of the deal said on Thursday. The company provides design and manufacturing solutions to automakers. Samvardhana Motherson's public offering of shares will be launched on Wednesday and will close two days later. The company will sell shares to ...

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