Fabindia: Grapevine: PE backers looking to offload stake in FabIndia; NIIF to launch maiden InvIT

Ethnic apparel retailer FabIndia and some of its private equity investors are looking to sell shares to financial investors to raise around Rs 1,100-1,200 crore at a value of about Rs 11,000-12,000 crore, following the postponement of the company's initial public offering (IPO) plans, The Economic Times reported, citing two ......