Private equity funds eye revival of Indian IPO market to score exits on investments

Photo: Livemint

Close to two dozen private equity (PE) firms are waiting for the Indian IPO market to revive, which will help them exit some of their investments.

Of the more than 50 firms that have received approval from the Securities and Exchange Board of India (Sebi) for their initial share sales, at least 17 are backed by around 23 PE investors, according to an analysis of documents filed with the regulator.

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