PE-backed GR Infraprojects chose the road less taken. Did it make a difference?

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Twice in less than two years, between 2016 and 2018, GR Infraprojects Ltd attempted to float an initial public offering. But it pulled back both times, even though several of its peers have gone public since then. That’s not the only instance of the Udaipur, Rajasthan-based highways developer taking the ......