ARCIL Shares Rise Following Flat Public Debut
Shares of India's Asset Reconstruction Company rose 1.8 percent in their trading debut after opening flat to their IPO price. The 7.33 billion-rupee offering was heavily subscribed by institutional and retail investors.
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Asset Reconstruction Company (India) rose 1.8% in its trading debut on Thursday morning after opening flat at its IPO price. The offering follows a 7.33 billion-rupee ($76.48M) share sale that drew strong institutional demand. India now has its first publicly traded bad-loan buyer.
