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Regional media house Amar Ujala shelves IPO plan

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Regional media house Amar Ujala shelves IPO plan
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Amar Ujala Publications Ltd, the publisher of Hindi daily Amar Ujala, has shelved its plans to float an initial public offering (IPO) due to weak market conditions and valuation concerns.A company executive privy to the development said that the media firm was seeking a valuation of Rs 1,100-1,200 crore but ......

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