India Cements starts roadshows for $100mn GDRs

 "A team of top company officials headed by chairman N Srinivasan, on their first halt in New York yesterday, received good response from international investors including NRIs," an official release said today.

 The team plans to travel to London, Hong Kong and Singapore before returning to India on October 17.

 The GDR issue is lead managed by ABN Amro and Deutsche Bank, and will be listed on the Luxembourg Stock Exchange.

 The issue has a greenshoe option of an additional $15 million.