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Two PSU IPOs to hit markets this month; Ircon bidding to begin on Sep 17
The bidding in Ircon's initial share-sale will begin on September 17 and close on September 19, while that of Garden Reach will be open for public subscription from September 24-26, the two state-run companies said. The public issues are being floated as the government intends to unlock the value of such PSUs and bring in greater accountability. The government is targeting to garner Rs 8000 billion through stake sales in state-owned companies in 2018-19.
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