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Four Soft Ipo To Hit Markets In July

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Our Markets Bureau BUSINESS STANDARD

Four Soft Pvt Ltd, a Hyderabad-based supply chain management software solutions company, plans to float an initial public offering (IPO) of 15 lakh equity shares at a premium of Rs 90 per share aggregating Rs 15 crore in July.

The company also plans to raise another Rs 10 crore through private placement and it is in advanced stages of talks with strategic partners for raising this amount.

The company is planning to enhance its international marketing network in Asia-Pacific, Europe and the US.

Four Soft already has clients in Singapore, Malaysia, Thailand, London, India, Colombo and the US.

The issue proceeds will also be utilised for enhancing business processes, infrastructure, product development efforts and for bolstering its global sales network.

 

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First Published: Apr 10 2003 | 12:00 AM IST

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