Plans by Jubilant Energy, the Indian oil and gas firm, to list on Londons batch marketplace are believed to have stalled as the companys owners exclude to dump their asking price.
Just days after Indias Essar Energy eventually cumulative financier await for the levity after slicing the value of the shares, it is thought that Jubilants plan to follow with an IPO could be hampered by what one confidant described as the firms "totally impractical cost expectations".
Jubilant, piece of the hulk Indian organisation owned by Shyam and Hari Bhartia, has nonetheless to secure advisers to hoop the offering.
Jubilant initial sought a inventory in 2007 when the organisation is believed to have carried a gratefulness of around �800m. City sources pronounced that Jubilant was right away value "a ruin of a lot less". A orator for Jubilant did not reply to emails.
News of Jubilants struggles comes as a series of firms have been forced to postpone their IPOs. Among them is the Russian fertilizer organisation UralChem that ditched the plan for a �400m London IPO last week.
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