India’s Canara Robeco Asset Management Company set its IPO price band at Rs 253-266 per share, aiming for a Rs 5,305 crore valuation. The joint venture will open its share sale to retail investors on October 9, amidst a busy Indian primary market. Existing shareholders, Canara Bank and ORIX, are offloading 49.8 million shares in this offer for sale.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets