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Water purifier maker Kent RO delays IPO as Mideast war dents sentiment
Kent RO Systems has postponed its stock market debut. The Indian water purifier maker cites global market volatility, worsened by the Iran conflict, as the reason. Rising costs for raw materials also impact operations. The company will reassess its IPO plans in at least a year. Despite challenges, Kent expects revenue growth driven by low water purifier adoption in India.
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channelnewsasia.com
Indian water-purifier maker Kent RO delays IPO as Mideast war dents sentiment
CHENNAI, May 26 : Kent RO Systems has shelved plans to go public, its chairman told Reuters, as the Indian water-purifier maker becomes the latest company to delay its stock…
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economictimes.indiatimes.com
Water purifier maker Kent RO delays IPO as Mideast war dents sentiment
Kent RO Systems has postponed its stock market debut. The Indian water purifier maker cites global market volatility, worsened by the Iran conflict, as the reason. Rising costs…
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thehindubusinessline.com
Kent RO delays IPO as Iran-US war dents sentiment
Kent RO Systems has shelved plans to go public, its chairman told Reuters, as the Indian water-purifier maker becomes the latest company to delay its stock market debut with the…
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newsbytesapp.com
Why water purifier maker Kent RO postponed its IPO
Kent RO Systems has delayed its IPO, citing global market instability fueled by the Iran conflict and rising raw material costs, with plans to revisit in at least a year.