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Bharti Hexacom IPO Draws $8 Billion
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Bharti Hexacom, majority-owned by Bharti Airtel, garnered bids exceeding $8 billion in its IPO, with strong demand leading to bids nearly 30 times the shares offered. The IPO is set to debut on April 12 amidst a surge in Indian IPO activity, with 64 companies raising $2.31 billion in 2024.
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How might the overwhelming demand for Bharti Hexacom's IPO influence its market performance post-debut?
In what ways could the divestment by Telecommunications Consultants India impact both Bharti Hexacom and the broader telecommunications sector in India?
What factors have contributed to the surge in Indian IPO activity in 2024, and what implications does this trend have for the Indian economy?
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