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Increased competition from INOX may lead to pricing pressures affecting APD's margins, reminiscent of changes observed during previous competitive entrants in the market that eroded incumbent margins.
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INOX Air Products is set to launch a $1 billion IPO in Mumbai, led by major banks Kotak, JPMorgan, and Citi. This move may enhance competition in the industrial gas sector, potentially impacting Air Products (APD) market positioning and pricing strategies.
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