Sage Capital eyes partial exit through Jhunjhunwala-backed John Energy’s IPO

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Private-equity investor Sage Capital is seen as partly offloading its stake in oilfield services firm John Energy Ltd (JEL) backed by ace investor Rakesh Jhunjhunwala. The partial exit will be made through an initial public offering (IPO) for which the firm has filed a draft red herring prospectus (DRHP) with ......