Dr Lal Path Labs appoints banks to lead its IPO

12 May 2015

Dr Lal Path Labs, one of the largest diagnostic service providers in India, has appointed Kotak Investment Bank and Citi Investment Bank to lead its Rs 700 crore IPO.

The Company intends to use the proceeds of the IPO to raise capital to undertake expansion and set up more centres across the country. Also, the public offer will provide an exit route for some investors.

As per the media reports, the company is preparing to file draft red herring prospectus in the next 2-3 months.

Source: Dion Global Type: IPO Related

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