Meanwhile, the equity benchmark Sensex and Nifty were trading flat with a negative bias. The…
Urban Soars in Debut After Year’s Most Popular India IPO (1)
Urban shares jumped as much as 74% to 179 rupees on Wednesday, building on the success of the country’s most oversubscribed major IPO this year. They were up 62% in afternoon trading, putting them on track to have the best first-day rally among all Indian IPOs sized $100 million or above, according to data compiled by Bloomberg.
“Urban’s success is reflection of demand for consumer technology companies that are increasingly making …
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