KSK Energy Bucks the Trend With Indian IPO

July 2008 | IPO News Alert

Indian power developer KSK Energy has become the first company in four months to successfully complete an Indian IPO, though it had to settle for a price at the very bottom of the indicated range. The last few months have seen a significant loss of faith in the Indian stock market, which has lost 29% of its value to date this year, and which has witnessed a number of recent IPOs fail.

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