Standard Chartered PE to partially exit diesel generator maker via IPO

By Ankit Doshi

  • 11 Mar 2019
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Credit: Reuters

Standard Chartered Private Equity has proposed to sell nearly one-fifth of its stake in diesel generator manufacturer Powerica Ltd as the company makes another attempt to go public. The size of the initial public offering (IPO) is pegged at Rs 400-500 crore ($57-71 million at the current exchange rate), two people ......

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