XED Executive Development takes private route as GIFT City IPO dream awaits lift-off
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Global executive education provider XED Executive Development, which withdrew its proposed IPO from GIFT City's International Financial Services Centre (IFSC) in March, is pursuing a $10 million private placement, while keeping open the option of a future listing. XED Promoter and Managing Director John Kallelil said the company no longer depends on an IPO to raise capital and has already received investor commitments. "Our objective in GIFT City was to raise funds. There are various ways of doi
