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Hospitality Company Four Seasons Withdraws IPO Plan

Four Seasons Residency had filed draft papers with Sebi on February 22, 2017. (Representational image)
Four Seasons Residency had filed draft papers with Sebi on February 22, 2017. (Representational image)
New Delhi: Hospitality firm Four Seasons Residency Ltd has withdrawn its plan to launch an initial  public offering or IPO after filing the draft papers with the Securities and Exchange Board of India (Sebi) a month ago. The proposed public issue comprised sale of fresh issue of up to 1 crore equity shares of the company. This works out to 39 per cent of the total holding, the draft red herring prospectus (DRHP) filed with market re...
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