India: Quadria Capital-backed Capricorn Food files for IPO to raise $78m

Capricorn Food Products India Ltd on Tuesday filed the draft red herring prospectus (DRHP) for its initial public offering (IPO).

The share sale will comprise a fresh issue worth Rs171 crore, while the promoters and private equity fund Quadria Capital will sell 7.64 million shares in an offer for sale, according to the share sale documents. Quadria Capital had invested $10 million in the company in 2013 out of its India Build-Out Fund-I.

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