Indian regulator under fire over IPO bottleneck

April 13, 2015 10:00 PM

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MUMBAI, April 14 (Reuters) - India's market regulator, under pressure to tighten scrutiny, is taking as long as a year to approve initial public offerings, prompting criticism from firms already grappling with unpredictable demand and a lack of alternative funding sources.

India's stock market has soared, touching record highs last month. It was Asia's second-best performer last year, thanks largely to more than $16 billion of foreign investment.

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