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The Economic Times

Markets / The Economic Times

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XED, India's first GIFT city IPO, withdraws issue after weak demand

XED Executive Development, the first company from India's low-tax GIFT City to launch an initial public offering, has withdrawn the IPO after delays with customer verification and weak market sentiments due to the U.S.-Israeli war on Iran, it said on Monday.

30 Mar 2026 8:05 pm