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Adani Power IPO a hit

MUMBAI: Utility Adani Power Ltd's initial public offering (IPO) worth up to about $625 million, which closed on Friday, has been subscribed over 20 times, according to data on the National Stock Exchange. Adani Power had set a price range of 90-100 rupees per share for the IPO of 248.8 million shares, and the strong response means the company is likely to price the shares at the top of the project   read more »

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