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Valiant Laboratories Files Draft Papers With SEBI To Mop-Up Funds Via IPO

Pharmaceutical ingredient manufacturing firm Valiant Laboratories has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering. The IPO is an entirely a fresh issuance of 1.15 crore equity shares with no offer-for-sale component, according to the draft red herring prospectus filed with the markets regulator on Thursday.
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