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Avantha Power IPO postponed to Q4 FY12: Sources

Even after a year of filing the draft red herring prospectus (DRHP) with the SEBI, Avantha Power & Infrastructure’s initial public offer seems like a far fetched dream. Sources inform CNBC-TV18 that the issue may get delayed to the fourth quarter of fiscal year 2012 on account of non-conducive market conditions.

February 07, 2011 / 17:01 IST
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Even after a year of filing the draft red herring prospectus (DRHP) with the SEBI, Avantha Power and Infrastructure

first published: Feb 7, 2011 04:29 pm

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