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Adani Power shares make disappointing debut

Posted on: August 20th 2009 in Stock News.

MUMBAI: Shares in Adani Power bounced around the issue price of 100 rupees after a shaky opening for India’s first large IPO in 18 months, a performance that may prompt other listing hopefuls to lower their valuation expectations. At 0529 GMT, shares in Adani Power, which raised $…

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