Tata-backed Varroc files for India IPO
Varroc Engineering, an Indian auto component manufacturer owned by the Varroc Group, has filed for an IPO that will see its private equity backer Tata Capital exit the bulk of its holding.
According to the prospectus, the offering will comprise 18.5 million shares held by existing investors, including 16.8 million shares from Tata. No new shares will be issued in the IPO, and pricing for...
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