Friday 29 May 2015

Sadbhav Infrastructure refiles DRHP for IPO; Xander, Norwest cuts offer-for-sale size

Sadbhav Infrastructure Project Ltd, which withdrew its documents to float its initial public offer (IPO) last Friday, has refiled its draft red herring prospectus (DRHP) with Securities Exchange Board of India (SEBI) for the public issue. It has now cut the size of fresh issue of shares as well as the quantum of shares offered for sale by its existing private equity backers Xander and Norwest V ….
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