Wednesday, July 9, 2008

Volatile markets leave future IPOs in limbo

Volatile markets leave future IPOs in limbo
Volatile markets are giving the heebie-jeebies to promoters looking to raise funds through initial public offerings (IPOs). The fate of several proposed public issues looking to collectively raise Rs 10,000 crore is in limbo. Among large companies, UTI MF is reported to have deferred its plans to go public.

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