The company has withdrawn its Draft Red Herring Prospectus (DRHP) filed with market watchdog Sebi for a public listing, a Fabindia spokesperson said
On Saturday, the company filed the Draft Red Herring Prospectus (DRHP) with markets watchdog SEBI for the offer that will include a fresh issue of shares worth up to Rs 500 crore.
Fabindia’s shareholders gave a nod to the IPO proposal on Saturday. The company is planning to raise Rs 250 crore in fresh funding in order to expand its footprints.
