Indian shipowner Seven Islands Shipping has filed for an initial public offering (IPO) from which it hopes to raise INR 2bn ($30.7m)
The preliminary IPO prospectus was filed with the Securities and Exchange Board of India (SEBI) on Wednesday.
The IPO will also see majority shareholder Thomas Wilfred Pinto and his wife, who between them control 73.6% of the company, as well as private equity firm Wayzata Investment Partners, sell shares in the shipowner worth a further INR 2.5bn.
