PE investors to part exit as India's Sadbhav Infra files for IPO
Sadbhav Infrastructure Project (SIP), an Indian road and highways project developer, is looking to raise at least INR6 billion ($97 million) through an IPO, providing a partial exit for PE backers Xander and Norwest Venture Partners.
According to a draft red herring prospectus (DRHP), SIP will issue an unspecified number of new shares to raise INR6 billion, while Xander and Norwest will each offer an additional 16.2 million shares,...
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