India: PE-VCs to push ahead with IPO plans of portfolio firms after stellar 2020 listings

Photo: Hindustan Times

Despite the COVID-led fog of uncertainty, private equity (PE) firms and venture capitalists (VCs) are rushing the IPO plans of their portfolio firms in India, perhaps encouraged by stellar listing gains of several companies in 2020.

The latest to do so is American private equity giant Blackstone that has reportedly launched preliminary talks with bankers to list two of its portfolio firms, Sona Comstar and Aadhar Housing Finance, on the exchanges.

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