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Of this, nearly 10% will be through an issue of fresh shares, with the proceeds to be utilised for bringing down the debt of the company, while the balance 90% will be an offer for sale by its promoter and private equity investor TPG Asia. The promoter holding will drop by 3.65 percentage points to 62.7% after the IPO.
The BJP appears to be in no mood to let go of the “neech aadmi” comment by an AAP leader with Prime Minister Narendra Modi himself today using it to attack the two main political rivals in poll-bound Gujarat-- Congress and AAP.