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Page 10 - Fabindia News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Azim Premji-backed FabIndia seeks Rs 3,700 crore in IPO

FabIndia, a retailer of clothing and furniture inspired by traditional Indian crafts, plans to file preliminary documents for an initial public offering of as much as $500 million, according to people familiar with the matter.

FabIndia Seeking $500 Million In IPO, Valuation Of $2 Billion: Report

The Delhi-based company, whose backers include PremjiInvest, the family office of Wipro Ltd. founder Azim Premji, aims to submit its so-called draft red herring prospectus as soon as early next year

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