IFC to make modest returns from partial exit in IPO of electrical goods firm

By Ankit Doshi

  • 02 Apr 2019
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Credit: Thinkstock

International Finance Corporation (IFC), the World Bank’s private-sector investment arm, will walk away with modest returns by selling nearly half its stake in Polycab India Ltd’s upcoming initial public offering (IPO). The Mumbai-based electrical equipment maker has set a price band of Rs 533-538 apiece for the public float that opens ......

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