Apparel retailer Fabindia shelves $482m IPO amid rough market conditions

Apparel retailer Fabindia shelves $482m IPO amid rough market conditions

Visual from FabIndia website

Apparel retailer Fabindia on Monday said it has withdrawn its Rs 40 billion ($482.4 million) initial public offering amid rough market conditions, becoming the latest company to scrap listing plans as interest rate worries pressure stock markets.

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