L Catterton to invest $125m in India's FLF - update
L Catterton Asia will purchase an approximately 10% stake in India-listed integrated fashion retailer Future Lifestyle Fashion (FLF) for INR8.5 billion ($125 million) through newly issued shares and secondary purchases.
According to a regulatory filing, the fresh issue will consist of 3.8 million shares at a price of INR445.50 each, a premium to the May 18 closing price of INR434, representing a 1.9% stake in the company....
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