Monday, June 4, 2007
Lehman, Spinnaker pick up stake in Spice Telecom
Lehman Brothers and Spinnaker Investments have picked up a small stake in Spice telecom for about $30 million, as a part of the pre-IPO placement. It is estimateed that these investors will pick up a fifth of the nearly 138 million shares that will be issued in the IPO at about Rs 45 per share.
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