India Inflection Opportunity Fund (IIOF) Picks-up 5 per cent Equity Stake in Vardhman Appliances Limited, Leading Consumer Appliances ODM Business

Mumbai (Maharashtra) [India], June 27: Delhi-based, Vardhman Appliances Limited ("Vardhman"/ "the Company") confirmed the closure of the Pre-IPO placement round. India Inflection Opportunity Fund picked-up approximately 5 per cent stake in the Company for an undisclosed amount.