PE firms set for part exits as India’s VRL Logistics, UFO Moviez file for IPOs
New Silk Route (NSR) will sell shares in VRL Logistics and Providence Equity Partners and 3i Group will make partial exits from UFO Moviez as both companies filed for IPOs in India.
VRL is looking to raise up to INR1.42 billion ($22.4 million) by selling 17.1 million existing shares and an unspecified amount of new shares, according to a draft red herring prospectus (DRHP). NSR will...
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