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The SEBI chief said that this process was not helping in the price discovery, and was painting a wrong picture of the IPO, showing a much higher interest in the offering than the actual figure
Petit will also head the firm's India practice and support its global strategy in Africa, the Middle East and Singapore.
Throughout the weekend, a cumulative 18 sessions were conducted on various topics of contemporary importance in international arbitration.
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The likes of Gary Kirsten, Graham Ford and Simon Katich have been linked to the England post.