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It plans to build a 1.6 MW mini-hydro plant as it expands renewable energy supplies to shift away from costly fossil-fuel thermal power. It said in a stock exchange filing it intends to offer for subscription 31.3 million ordinary shares on September 17 with the offer price to be determined via a book building process.
The book build price range is from 17 rupees to 20 rupees.
The managers to the offer are NDB Investment Bank with the registrars being SSP Corporate Services.
The offer prospectus is to be delivered to brokers on September 7.
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