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Reuters
Published
Oct 5, 2009
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Shree Ganesh Jewellery seeks regulator's nod for IPO

By
Reuters
Published
Oct 5, 2009

MUMBAI (Reuters) - Shree Ganesh Jewellery House Ltd, a jewellery maker and exporter, has filed for regulatory approval for its initial public offering of 14.26 million shares.


Photo: www.shreeganeshjewellers.com

The firm plans to raise funds to expand operations and diversify into newer products and geographies, it said in a statement on Monday 5 October.

Middle East, Singapore and Hong Kong are the major export markets for the firm in which Credit Suisse holds a 10.99 percent stake.

Axis Bank Limited, ICICI Securities Ltd and Avendus Capital Pvt Ltd are the book-running lead managers for the proposed IPO.

(Reporting by Aniruddha Basu; Editing by Harish Nambiar)

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