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Article: IPO plans worth Rs 35,000 cr may be hit by mkt crash: Study.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- March 20, 2008
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IPO plans worth Rs 35,000 cr may be hit by mkt crash: Study
New Delhi, Mar 20 (PTI) The stock market meltdown may derail plans of as many as 64 companies, including Reliance Infratel, Oil India and NHPC, to enter the capital markets for collectively raising about Rs 35,000 crore, a study said.
"Plans of 44 IPOs, collectively planning to raise Rs 31,000 crore, which are presently awaiting SEBI approval, may be hit until the market recovers. These include IPOs of Reliance Infratel, Mahindra Holidays, Future Ventures, Jaiprakash Power Ventures, JSW Energy, NHPC and Oil India," Assocham Co-Chairman of the Capital Markets Committee Prithvi Haldea said.
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