IT People to raise Rs 45cr via FPO

IT People India, an e-recruitment and consulting company, has filed  the red herring prospectus (RHP) for a follow-on public offer (FPO) of  Rs 2 each to raise Rs 45.25 crore.

The issue will open on August 27, 2007 and close on August 31, 2007.

The shares were down over 3% at Rs 39.45 in late morning deals today.