The implications of the lukewarm response to Bharti Infratel’s IPO

Aggressive pricing and challenging conditions in India mean the IPO tells us very little

Bharti Infratel wasn’t just an important IPO for the tower industry, with potential floats to follow from Viom Networks and Reliance Infratel – it was an important IPO for India as the country’s largest IPO for two years. However, complaints of aggressive pricing made it difficult to draw conclusions from the market’s lukewarm response to…

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