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Access here alternative investment news about Barbeque Nation Raises Pre-ipo Funding From Jhunjhunwala-backed Firm
Private Equity

Barbeque Nation Raises Pre-ipo Funding From Jhunjhunwala-backed Firm

by livemint.com posted 2weeks ago 13 views
Restaurant chain Barbeque Nation Hospitality has raised ₹80-90 crore in a pre-IPO placement from investment firm Alchemy Capital Management. : Mumbai: Private equity firm CX Partners-backed casual dining restaurant chain Barbeque Nation Hospitality Ltd has raised ₹80-90 crore in a pre-IPO placement from Alchemy Capital Management, an investment firm co-founded by ace stock market investor Rakesh Jhunjhunwala, said two people aware of the development. Bengaluru-headquartered Barbeque Nation had filed its draft IPO (initial public offering) papers with the Securities and Exchange Board of India (Sebi) in August 2017. The company is expected to raise ₹700 crore through the public offer.