The volatility of the stock 
market has forced Bengalooru based real estate firm, Puravankara Projects, to revise its Initial Public Offer (IPO) price and extend the issue closing date to August 8 from the earlier August 3. The issue price has been adjusted from Rs.500-525 per share to Rs.400-450 per share keeping in view the instability of the stock markets across the globe. Earlier in May 2006, Air Deccan’s issue price was altered due to such volatility. In the future if this instability continues, it can take its toll on he issues like Omaxe that re due for listing next week.
For Complete IIPM Article, Click on IIPM Article
market has forced Bengalooru based real estate firm, Puravankara Projects, to revise its Initial Public Offer (IPO) price and extend the issue closing date to August 8 from the earlier August 3. The issue price has been adjusted from Rs.500-525 per share to Rs.400-450 per share keeping in view the instability of the stock markets across the globe. Earlier in May 2006, Air Deccan’s issue price was altered due to such volatility. In the future if this instability continues, it can take its toll on he issues like Omaxe that re due for listing next week.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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