UTV IPO priced at Rs 115-130/shrOur Corporate Bureau / Mumbai February 09, 2005UTV Software Communications has fixed the price band for its initial public offer (IPO) at Rs 115-130 per share.Over 69.9 lakh shares of Rs 10 each would be issued through the 100% book-building process to finance its expansion plans.The IPO is scheduled to open on February 21,2005 and close on February 24, 2005.The proceeds from the IPO will be used for additional investment in its kids channel - Hungama TV, and its movie and distribution initiatives.The company has recently joined hands with the US-based Fox Searchlight Productions to co-produce Mira Nair
