(RTTNews) - Monday, Radiant Info Systems,
an information technology solutions provider
filed the draft red herring prospectus
with the market regulator, SEBI for an
initial public offer of 6,50, 70,000
shares of Rs.10 each for cash decided
through a 100% book building process. Read
Full Story.
Moneycontrol: Radiant Systems seeks SEBI
nod for IPO
August 02nd 2008 at 13:04
Radiant Info
Systems, Bangalore-based information technology
solutions provider, has sought the approval
of market regulator, Securities and Exchange
Board of India for its 6.51 million share
initial public offer, IPO, reports CNBC-TV18.
The objects of the issue are to finance
the funds required for potential acquisitions
(Rs 40 crore) and to set up a Software
Development Center at Gowribidanur Industrial
Area (Rs 46.94 crore), Bangalore. Money
will also use for additional working capital
requirements as a margin money (Rs 16.28
crore). Read
Full Story.
