Lilliput IPO stuck Promoter accuses PE investors and their legal advisors

Bar & Bench October 28 2011

There seems to be lot of issues cropping up between kids apparel retailer Lilliput and its PE investors, stalling Lilliput’s IPO plans. Just before Lilliput was to file its Draft Red Herring prospectus, the PE investors Bain Capital and TPG withdrew their consent for the IPO stating that they had got anonymous calls alleging that the company's accounts are forged. The PE investors have now sought re-audit of accounts stalling the IPO plans.

There seems to be lot of issues cropping up between Kids apparel retailer Lilliput and its PE investors, stalling Lilliput’s IPO plans. Just . . .

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