India's Alkem Labs eyes $210 mln IPO in Dec

November 3, 2015 8:43 AM

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MUMBAI Nov 3 Indian drug manufacturer Alkem Laboratories Ltd (IPO-ALKE.BO) is set to launch an initial public offering (IPO) worth nearly $210 million in the second week of December, three sources directly involved in the transaction said on Tuesday.

Alkem Labs' share sale will be India's third high-profile market debut in the last three months of 2015, after airline IndiGo IPO-INAI.NS raised $459 million and Coffee Day Enterprises raised $176 million.

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