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Feb 28, 1998

Stars of India

Indian companies are being forced to change their IR attitudes

Indian companies do not have a good reputation for investor relations. Few of the over 50 London-listed GDR issues trade with any liquidity and numerous companies have been accused of misleading investors. But having raised over $6 bn through GDRs and attracted billions more in the local market from foreign institutional investors (FIIs), Indian companies are facing real pressure to change. What India could get away with in a bull market that witnessed investors swarming to its stocks just

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