Blackstone-owned IGI, the largest diamond certifier, files for a $477M IPO ($4,000 crore) for acquisitions in Belgium and Netherlands groups.

Blackstone-owned IGI, the largest lab-grown diamond and second largest natural diamond certifier, files for a $477M IPO to raise Rs 4,000 crore. IPO to include fresh issue of Rs 1,250 crore and offer-for-sale of Rs 2,750 crore. Acquired by Blackstone in 2020, IGI operates in 10 countries and plans to use IPO proceeds for acquisitions in Belgium and Netherlands groups.