India's IDFC completes part-exit via Parag Milk Foods IPO
IDFC Alternatives has concluded its partial exit from Indian dairy firm Parag Milk Foods via the company's IPO, realizing INR1.8 billion ($26.7 million) from the offering.
The firm offered 8.3 million shares for sale in the IPO, a 10% stake; IDFC will continue to hold a 7% stake after the sale. Parag had hoped to raise INR3.3 billion in the IPO; after the offering was oversubscribed...
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