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Falling share prices, poor financials: New-age tech companies and pain in MF portfolios

Shares of Delhivery, the Indian logistics and supply chain company, fell by 31 percent last week on the back of moderate growth outlook. Some other new-age companies, like PB Fintech, fell too. Some fund houses that had bought new-age technology companies’ shares in their initial public offerings (IPOs) are now faced with the dilemma of what to do with them: hold for long-term prospects or exit and cut losses. Here are the fund houses that are still holding on to their shares

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