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KKR-Backed PMI Electro Mobility Confidentially Files for India IPO

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KKR-backed electric bus maker PMI Electro Mobility Solutions has confidentially filed draft papers for an initial public offering in Mumbai, according to a newspaper advertisement seen by.

The company said the pre-filed prospectus was submitted to the Securities and Exchange Board of India on Sept. 23.

Founded in 2017, PMI Electro Mobility is an electric commercial vehicle manufacturer with a fleet of 3,300 e-buses across 34 cities in India.

US private equity firm KKR invested about $310 million in PMI Electro Mobility Solutions and its e-bus platform, Allfleet India, earlier this year.

What else is happening in Asia?

Asia

Beijing Compass Technology Development Seeks Up to 500 Million Yuan in Bank Credit Lines

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SHE:300803
Asia

Liquidators Issue Final Notice to Creditors for ST Group Units' Dissolution

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SGX:DRX
Asia

South Korean President, Trump Discuss Warships Construction

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