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PremjiInvest makes neat return from FabIndia partial exit as PIPE funds check in

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PremjiInvest makes neat return from FabIndia partial exit as PIPE funds check in
Credit: 123RF.com

A bunch of domestic institutions, including public market funds of top private-sector banks, has acquired a minority stake in FabIndia Overseas Pvt. Ltd through a secondary transaction that helped PremjiInvest make a partial exit. The transaction not only values the ethnic apparel retailer nearly twice than its closest rival but also ......

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