PE-backed Indian retailer Monte Carlo sinks below IPO price
Shares of Samara Capital-backed Indian apparel brand Monte Carlo Fashions remain at a 9% deficit to the IPO price despite a small rally on December 22, the second day of trading.
The company raised INR3.5 billion ($55.3 million) after offering 54.3 million shares at INR645 apiece, and facilitating a partial exit for Samara as well as the company's promoter, the Nahar Group, according...
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