Indiantelevision.com: The initial public offering of HT Media Ltd (HT), which controls Hindustan Times newspaper published from several cities, received an overwhelming response from the market and got fully subscribed today within the first 10 minutes of its opening, market sources said. Most bids for the offering of up to 7.6 million shares were at the top end of a previously fixed price band of Rs. 445-530, wire agencies reported. The IPO, which will raise up to Rs 4.03 billion, comprises a fresh issue of 4.64 million shares from HT and 2.36 million sold by Henderson Private Capital (Mauritius), representing a near-five-per cent dilution by the private equity firm, which owns about 15 per cent in the firm.
Related: HT Media IPO Opens Today
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