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India: Realty IPOs face fresh market heat

Posted on 27 May 2010

From Business-standard.com: Firms such as Oberoi, Neptune, Sahara have reduced their fund-raising ambitions. The deterioration in the market mood has directly impacted fund-raising plans of real estate developers, many of whom have either delayed their initial public offers (IPOs) or have decided to go slow.
While Lodha Developers and Emaar MGF have pressed the pause button on their IPOs, firms such as Oberoi, Neptune and Sahara have reduced their fund raising ambitions, investment bankers and developers said……………………………………….Full Article: Source

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