Categories: India

REFILE-Boat's parent gets regulatory nod for $170 million India IPO

(Refiles to remove extraneous words from dateline, no changes to text) Oct 29(Reuters) – Imagine Marketing, the parent of Indian wearables brand boAt, has received regulatory approval for a stock market listing worth 15 billion rupees ($170.66 million), its updated prospectus showed on Wednesday. The Warburg Pincus-backed firm's initial public offering will comprise a fresh issue of up to 5 billion rupees and a sale of shares worth 10 million rupees by existing investors. ($1 = 87.9360 Indian rupees) (Reporting by Urvi Dugar; Editing by Nivedita Bhattacharjee)

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