IIFL deploys bulk of $1.2 bn pre-IPO fund in record time with a strategy shift

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IIFL Asset Management Ltd has deployed more than half of the total corpus it raised for backing private firms floating initial public offerings (IPO) within a year.At nearly Rs 4,500 crore ($660 million), this marks one of the quickest deployments by a fund house, in the peer group of Indian ......