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Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public offering (IPO).The IPO will be entirely an offer for sale (OFS) of up to 10.54 crore equity shares by existing promoters and shareholders. ARCIL will not receive any proceeds from …
Read More »ARCIL IPO: Avenue Capital-backed ARCIL files IPO draft papers with Sebi; GIC to exit, SBI to pare stake – Times of India
