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India IPO deals jump in H1, another $6 billion worth seen in the second half


By Devidutta Tripathy and Sumeet ChatterjeeMUMBAI/HONG KONG (Reuters) - A surge in first-half India IPO activity is likely to pale in comparison to the second half which could see over $6 billion in deals, banking sources said, with investors encouraged by a pick-up in economic growth and unfazed by Britain's vote to leave the European Union.Interest in Indian listings was strong even in the immediate wake of the British decision. Last week staffing firm Quess Corp saw its $60 million IPO oversubscribed 144 times while shares in city gas distributor Mahanagar Gas jumped 30 percent in their ...

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First Published: Mon, July 04 2016. 17:02 IST