State-owned ITI on Wednesday fixed a price band of ₹72-77 a share for its follow-on public offer (FPO), which will hit the capital markets on Friday. At the higher end of the price band at ₹77 per share, the company will garner ₹1,386 crore from the FPO, while at the lower end at ₹72 a share, it will raise ₹1,296 crore, the company said in a statement. The price band has been fixed at a discount of 20% from Wednesday’s closing price. The public issue is being managed by BOB Capital Markets, Karvy Investor Services and PNB Investment Services. Share ViaTopics ITI

Source: Mint January 23, 2020 17:48 UTC