19 Jun, 2013
The Leela Palace, Bengaluru
Wednesday, March 28, 2012 - 05:30 IST
Promoters Make Open Offer In PE-backed Vaibhav Gems
BY Vivek Sinha
Last year, Warburg Pincus exited its 5-year-old investment in Vaibhav Gems with an estimated 92.5% haircut.
Promoters of gem and jewellery exporter Vaibhav Gems have made a voluntary open offer to consolidate their shareholding in the private equity-backed public-listed firm. The promoter group currently owns 13.39...
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