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PremjiInvest to trim stake in ethnic apparel retailer Fabindia at high valuation

PremjiInvest to trim stake in ethnic apparel retailer Fabindia at high valuation

By Debjyoti Roy

30 May 2018

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PremjiInvest to trim stake in ethnic apparel retailer Fabindia at high valuation

Credit: Creative Commons/(WT-shared) Jtesla16 at wts wikivoyage

PremjiInvest, the family office of Wipro Ltd chairman Azim Premji, is looking to sell part of its stake in ethnic apparel retailer Fabindia Overseas Pvt. Ltd, two people privy to the development told VCCircle.The investment firm plans to sell a 10% stake in Fabindia via a transaction that could value ......

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