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.