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阿拉爱上海

Stitched Textiles scraps IPO plan; withdraws draft papers

Stitched Textiles, which owns leading men’s wear fashion brand “Barcelona”, has decided to withdraw its Rs 200 crore-Initial Public Offering (IPO).The IPO was slated to be entirely a fresh issue of equity shares. Proceeds of the issue were to be used for expansion of the company’s retail network by launching exclusive brand outlets, enhancing the …

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