PE-backed Coffee Day to raise $177m in India IPO
Indian coffee shop and restaurant chain Cafe Coffee Day has fixed a price for its upcoming IPO that will put the offering on course to meet its target of INR11.5 billion ($177 million).
The company will issue 35 million shares at INR328 apiece, according to its prospectus. The IPO will involve only newly issued shares, with the company's PE backers KKR, New Silk Route Partners (NSR) and...
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