NSE scales back IPO as valuation concerns grow
National Stock Exchange of India has cut the size of its long-awaited initial public offering by more than 15 per cent, with several existing shareholders reducing planned sales after the exchange settled on a lower valuation range. The offer will now comprise up to 126.44 million shares, down from about 148.91 million in the draft prospectus, according to the red herring prospectus dated…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.
