India: Jhunjhunwala-backed John Energy to file for $47m IPO

India: Jhunjhunwala-backed John Energy to file for $47m IPO

Crude oil. Photo: Bloomberg

Integrated oilfield services company John Energy Ltd, backed by India’s best known stock market investor Rakesh Jhunjhunwala, is looking to go public and will soon file its draft initial public offering (IPO) papers, said three people aware of the development.

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