The total offer, which sources say will amount to about $225 million, will comprise both new and secondary shares and will include the unwinding of a cross shareholding between RLC and its sister company Universal Robina Corp.
ôRLCÆs freefloat today is about $39 million and after the deal it is going to be about $220 million, which means this is essentially a re-IPO in the international market,ö says one observer.
UBS is the sole international underwriter and bookrunner, while ATR...
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