SRL Ranbaxy plans IPO

Thebullishtrens: SRL Ranbaxy Ltd plans to enter into IPO market to raise Rs.2-2.5 billion through an IPO by september and the company plans to sell 20% of the equity to private equity firms before the IPO. SRL Ranbaxy operates a chain of pathology laboratories across the country and the company plans to set up another 100 network laboratories in the coming years.