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Strong demand for Emerald Tyre IPO

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Within hours of opening, the initial public offering (IPO) of Indian tyre maker Emerald Tyre Manufacturers Ltd was already heavily oversubscribed. By 1pm (IST) on Friday 6 December, the second day of the IPO, Emerald Tyre Manufacturers had been subscribed 67 times. The IPO on the National Stock Exchange of India will remain open until 9 December.

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