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Insecticides (India) to enter capital market

NEW DELHI: Leading pesticide manufacturer Insecticides (India) Ltd. is entering the capital market with 32.10 lakh equity shares of Rs. 10 each at a price band of Rs. 97-115 per share to raise around Rs. 37 crore. The issue opens on May 7 and closes on May 11. The money raised would be used for capacity expansion, backward integration and R&D activity, said IIL Managing Director Rajesh Aggarwal at a press conference.

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