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Polycab looks to raise about Rs 2,000 crore in IPO, says report

Updated : September 27, 2018 09:03 AM IST

IFC, the investment arm of World Bank, which has been investing in the company for a long time, will be selling a chunk of its shares.
IFC invested about $ 120 million to pick up 12 percent of shareholding in the company.
The company expects to raise capital for capex and debt repayment purposes through its IPO.
Polycab looks to raise about Rs 2,000 crore in IPO, says report

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