Date:31/01/2008 URL: http://www.thehindubusinessline.com/2008/01/31/stories/2008013152290100.htm

Back Wockhardt cuts IPO price band to Rs 225-260

Our Bureau

Mumbai, Jan. 30 Wockhardt Hospitals has revised downwards the price band of its initial public offering of shares.

The price band is now Rs 225 (at the lower end) and Rs 260 (at the upper end) per equity share, The earlier price band was Rs 280-Rs 310 per equity share, said a statement issued on behalf of the company.

The company did not say why it was revising its price band but marketmen said this downward revision was not surprising in view of the current market conditions.

The issue opens on January 31 and closes on February 5.

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