TAKE Solutions completes pre-IPO placement of 9 lakh shares

Mumbai, June 12 (UNI) The Board of Directors of TAKE Solutions (TSL), a business technology company with a focus on the life sciences, has approved the allotment of 9 lakh equity shares to Galleon International Master Fund SPC Limited, New Silk Route Pipe Segregated Portfolio and Passport India Investments (Mauritius) Ltd.

The TSL is in the process of initiating its initial public offer (IPO) of 21 lakh equity shares of Rs 10 each for cash at a price to be determined through the 100 per cent book-building mechanism.

The issue comprises a net issue to the public of upto 20 lakh equity shares and the reservation of upto one lakh equity shares for subscription by eligible employees.

The net issue constitutes 16.67 per cent of the fully diluted post issue paid-up equity capital of the company, the company said in a statement today.

UNI