Warburg Pincus-backed India coal washery firm re-files for IPO
Warburg Pincus is set for a partial exit from ACB, a provider of coal beneficiation services, after the company re-filed a draft red herring prospectus (DRHP) for an IPO. It hopes to raise INR4.15 billion ($69.4 million).
Warburg Pincus will sell 30 million of the 52.1 million shares it holds in ACB. The PE firm invested INR4.4 billion in the company between 2006 and 2008, and currently holds a 21.9% stake. ACB's beneficiation...
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