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(From The Times of India)
NEW DELHI: Enthused by the high response for its public offering at the top-end of the Rs 950-1,125 price band, Jet Airways has priced the IPO at Rs 1,100 a share, sources said. This will help the airline raising Rs 1,900 crore with sale of 20 per cent stake through the public offer.
The offer, which closed on February 24, was over subscribed more than 16 times, with nearly 80 per cent of the bids being received at the top-end of the price band, bankers associated with the issue said. The IPO was fully sold within minutes of the …