Religare sets IPO band at Rs 160-185

New Delhi, Oct 22 (UNI) Religare Enterprises, a Ranbaxy promoter group company, today said it has set a price band of Rs 160-185 per share for its initial public offer.

The financial services company, which is selling 7.57 million shares, will raise Rs 140 crore at upper end of the band.

Merrill Lynch has bought a five per cent stake in the firm.

The book running lead managers issue are Enam Financial Consultants Private Ltd and Citigroup Global Markets India Private Ltd.

UNI