Friday, Jul 30, 2010 Updated 01:38 IST
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MUMBAI: Crisil has assigned a Crisil IPO Grade 4/5 to the proposed initial public offer (IPO) of Persistent Systems Ltd.
This grade indicates that the fundamentals of the issue are above average, in relation to other listed equity securities in India.
However, this grade is not an opinion on whether the issue price is appropriate in relation to issue fundamentals. The grade is not a recommendation to buy/sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor.
The grading also factors in the sound technical background of promoters and the experienced second line of management.
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