India: IFC-backed Angel Broking files for $83m IPO

India: IFC-backed Angel Broking files for $83m IPO

Photo: Reuters

Angel Broking, the International Finance Corporation (IFC)-backed Indian stock broking firm, has filed for an initial public offering (IPO) in India, targeting a fundraising of Rs6 billion ($83 million) that analysts said would value the firm at around Rs25 billion ($345 million).

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