Fabindia: No IPO For Fabindia For Now

PremjiInvest-backed Indian garment retail chain Fabindia, on Monday, announced pulling out of its Initial Public Offer (IPO) through which it seeks to raise $482 million. The plausible reason, the company stated, was unfavorable market conditions. It said, "current market conditions were not seen to be conducive for listing a company of our size." The 1960-born [...]