PE-Backed Pristine Logistics Files For IPO Worth Rs 250 cr, BII To Exit Partially
11 May 2022
Delhi-based Pristine Logistics & Infraprojects Ltd (Pristine), has filed its draft papers with markets regulator Securities and Exchange Board of India (SEBI), to raise Rs 250 crore through an initial public offering (IPO).
The public listing will also have an offer-for-sale (OFS) of up to 20,066,269 (2 crore) equity shares, the company said.Pristine's marquee shareholder British International Investment (BII — formerly CDC Group) will divest up to 17,779,067 (1.78 crore) equity shares through its investment vehicle, India Infrastructure Fund II, as part of the OFS.
Delhi-based Pristine Logistics & Infraprojects Ltd (Pristine), has filed its draft papers with markets regulator Securities and Exchange Board of India (SEBI), to raise Rs 250 crore through an initial public offering (IPO).
The public listing will also have an offer-for-sale (OFS) of up to 20,066,269 (2 crore) equity shares, the company said.Pristine's marquee shareholder British International Investment (BII — formerly CDC Group) will divest up to 17,779,067 (1.78 crore) equity shares through its investment vehicle, India Infrastructure Fund II, as part of the OFS.
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