Grapevine: Torrent Gas hires IPO bankers; Ambak, Chhota Bheem creator seek funding

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Torrent Gas, the city gas distribution arm of Torrent Group, has appointed Axis Bank, Kotak Mahindra Capital, and Citigroup’s local unit to manage its planned initial public offering, a media report said.  The IPO could raise up to $450 million, Bloomberg reported, citing people aware of the matter. Discussions are ongoing, and ......