Milltec, Indiamart file for India IPOs
Indian agricultural processing equipment maker Milltec Machinery and online marketplace Indiamart have filed for IPOs. Milltec’s private equity backer Multiples Alternative Asset Management and Indiamart investors Intel Capital, Accion International and Amadeus Capital Partners will all make partial exits.
Both offerings will consist entirely of shares from existing investors: Multiples will sell 2.25 million shares in Milltec out of its 4.2 million total, while Intel Capital, Amadeus and Accion will sell...
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