Anjali Labtech files papers for ₹1,225 crore IPO to expand lab-grown diamond production

Lab-grown diamond maker Anjali Labtech has filed draft papers for an initial public offering (IPO) of up to ₹1,225 crore, as the company looks to expand production and reduce debt.The IPO comprises a fresh issue of shares worth up to ₹925 crore and an offer for sale (OFS) of up to ₹300 crore. The c…