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I.P.O. / Offerings | 3 April 2012

Ace Tours To Raise Funds For Expansion

by Charmi Gutka
Ace Tours To Raise Funds For Expansion
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Surat based Ace Tour Worldwide Limited is planning to raise IPO through issue of 8.1Mn shares by diluting 52.88% stake in the company.

The funds raised will be used to set up service apartment facilty at Surat; to upgrade the ardware and software facilities for webportal; for brand building exercise and for working capital requirement.

Corporate Strategic Allianze is the book running lead manager to the issue.

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