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Auto parts maker Craftsman files for IPO; StanChart PE, IFC to cut stake by half

By Ankit Doshi

  • 12 Jun 2018
Premium
Auto parts maker Craftsman files for IPO; StanChart PE, IFC to cut stake by half

Automobile and industrial parts maker Craftsman Automation Pvt. Ltd has filed its draft prospectus with Securities and Exchange Board of India (SEBI) for an IPO that will see two investors sell half their stakes: Standard Chartered Private Equity and International Finance Corporation (IFC), World Bank’s private-sector investment arm.Coimbatore, Tamil Nadu-based ......

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