India: Metropolis to raise up to US$173m in IPO

Ameera Sushil Shah, managing director, Metropolis Healthcare

The IPO for Mumbai-based diagnostics company Metropolis Healthcare is to launch tomorrow to raise up to Rs12bn (US$173m). The smaller-than-expected IPO will be open for subscription between April 3 and April 5. The price band for the 13.6m shares has been fixed at Rs877-Rs880 per share. The Carlyle Group will sell almost half of its…

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