Indian companies, which privately placed shares before their initial public offer (IPO), may get jitters as a group of private equity firms that had invested a little over Rs 600 crore in ACME Tele Power (ATPL) has decided to pull out of their investments in the Gurgaon-based firm. Sources in the investment banking industry said the private equity firms, which invested the money last financial year, have exercised the put option. As a result, the promoters or the company will have to buy back these shares. ATPL, which manufactures and supplies energy conservation solutions for telecom companies, was expected to hit the capital market before March 2008. However, the turmoil in the stock markets prevented the company from entering the market. Through the IPO, the promoters were planning to mop up around Rs 1,200 crore. […]