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IPO-bound brokerage house SMC valued at $400 mn in small secondary deal

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IPO-bound brokerage house SMC valued at $400 mn in small secondary deal
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SMC Global Securities Ltd has recorded a secondary deal where a unit of Network18 Media & Investments Ltd bought some shares of the stock broking firm from an existing shareholder ahead of its delayed public float, said a person close to the development.The company has been trying to go public ......

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