A public listing results in greater scrutiny of business plans, corporate actions, performance and financial results by various stakeholders. This may sometimes result in undue focus on short-term performance versus long-term business strategies.
Oberoi Realty has set a price band of Rs 253 to Rs 260 per share for its 39.5 million share initial public offer, and is looking at raising a little over Rs 1,000 crore, said a person familiar with the company?s plan.
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