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YOUR $34 DOESN’T go as far as it used to in Mumbai. It might get you a modest platter at the famed Peshawari restaurant, or a small round of drinks at one of the top new bars such as Wink or Aer, but it certainly won’t cover a hotel car to the airport.
It will, however, buy you all six bookrunners on the largest IPO in Indian history.
Bookrunners on the Coal India deal – Citi, Deutsche Bank, Morgan Stanley, DSP Merrill Lynch, Kotak Mahindra, Enam Securities – received just 0.000001%
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