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India: Realtors, bankers spar over IPO valuations

Posted on 19 April 2010

From Indiatimes.com: Tension is simmering between property development companies, which are planning to raise funds through public offerings, and the merchant bankers to the share offerings.
There is a growing realisation among cash-starved realty companies that they may not be able to sell shares to the public at the valuations that were initially proposed by merchant bankers at the time of their appointment, according to senior bank officials…………………………………..Full Article: Source

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