India IPOs: Best intentions
Should Cafe Coffee Day, the largest player in India's chained café market, succeed in raising INR11.5 billion ($180 million) in its IPO, it would be the largest PE-backed offering on a domestic bourse in close to eight years.
None of the investors - KKR, New Silk Route Partners and Standard Chartered Private Equity - plan on selling any shares in the IPO; the proceeds have been earmarked for debt repayments, expansion and refurbishing...
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