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Reliance Comm scraps unit's Singapore IPO

RELIANCECOMM-IPO:Reliance Comm scraps unit's Singapore IPO

Read more on:    RELIANCECOMM | IPO
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REUTERS - Reliance Communications has shelved a planned Singapore initial public offering by its GTI Trust to raise up to $1 billion, dealing a blow to its efforts to ease a $7 billion debt load.

The company said on Friday it will "await supportive market conditions and easing of prevailing global uncertainties to proceed with the offering/listing at an appropriate time in the future."

 

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Jaguar launches XKR special edition at Rs 1.27 cr

Tata Motors-owned Jaguar today said it has launched the XKR special edition luxury sedan in India, priced at Rs 1.27 crore (ex-showroom, Delhi).

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