CX set for partial exit as Matrix Cellular files for India IPO
Matrix Cellular, an Indian telecommunications company that caters to people traveling abroad, has filed for an IPO. This would allow a partial exit for private equity backer CX Partners.
The company plans to sell 15.17 million shares, of which 12.36 million are held by CX. The rest will be sold by the promoters, the Dugal family. The draft red herring prospectus does not give any information...
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