Indian IPOs fall to four-year low as economy falters
Updated : December 27, 2019 06:22 AM IST
Funds raised by Indian IPOs fell to just $2.8 billion this year, the lowest in four years.
In 2017, the proceeds hit a record $11.7 billion before falling to $5.5 billion in 2018.
Financials and industrial sectors led the declines in IPO issues, with proceeds more than halving.
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