IGI to use IPO proceeds of India entity to make acquisitions: IGI management

IGI, a leading gemstone and diamond certification body, is pursuing an IPO in India to consolidate its global operations and capitalize on the growing lab-grown diamond market. The move aims to integrate IGI’s strong Indian manufacturing base with its retail presence in Western markets, particularly the US. Blackstone, the current majority owner, will retain a significant stake after the IPO.

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