Bain-, TPG-backed Lilliput to raise capital
The promoter of Lilliput Kidswear and the company’s investors, Bain Capital and TPG, have reportedly agreed to raise up to INR5 billion ($97.4 million) through a private placement for the children's clothing retailer, signaling that the parties’ months’ long feud has been put aside for the welfare of the company.
Investment and consulting firms Grant Thornton and Avendus Capital have been enlisted to help Lilliput raise the capital through the issue of fresh shares, The Economic Times reported, which would dilute...
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