Indian water-purifier maker Kent RO delays IPO as Mideast war dents sentiment
Israel
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 market debut with the Middle East conflict unsettling global markets and weakening sentiment. The Iran conflict has fuelled concerns over prolonged hostilities and heightened market volatility, slowing listings from Hong Kong to London. In India, Walmart-backed PhonePe has also paused its IPO plans, while Reuters reported
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