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NEEPCO IPO likely in Jan-Mar qtr; FinMin appoints merchant bankers

The finance ministry is planning to divest up to 25 per cent stake in power producer NEEPCO through an initial public offering in January-March quarter, an official said. The ministry has selected 3 merchant bankers — Elara Capital, Karvy Investor Services Ltd and Equirus Capital — for managing the initial public offering (IPO) and subsequent […]

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