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FabIndia Considers Raising Up To USD 1 Bn Via IPO



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The company is believed to be in talks with several investment banks, including SBI Capital Markets, ICICI Securities and JPMorgan, to manage its IPO

Fabindia, a retailer of artisan products and lifestyle items, is considering raising up to USD 1 billion through an initial public offering (IPO), according to people in the know of the development.The company said it considers various capital-related options from time to time and take advice from its bankers. However, it declined to confirm the development.The company is believed to be in talks with several investment banks, including SBI Capital Markets, ICICI Securities and JPMorgan, …

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