Financial Express Dec 26,2008_PIPE investments in listed firm suffers $2.24 bn in 2008
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"Due to continuous downfall and rough market conditions of 2008, the overall till-date-return on PIPE deals of 2007 (on volume basis) is at (-42.37 per cent) aggregating to a loss of $ 2.24 billion," Nexgen Capitals, the merchant banking arm of brokerage firm SMC Global Securities, said in its latest report.
