A propped-up valuation gives a rosy picture of the portfolio to a fund’s investors and paves the way for the fund manager to attract more money from new as well as old investors when it goes for the next round of fund-raising.
Updater Services IPO to open on September 25. Here are 10 things to know about the offer
The company offers integrated facilities management (IFM) services and business support services to its customers, with a pan-India presence. Its portfolio of services evolved over