# The firm is reaching out to bankers and advisers to understand the interest in offerings, though formal mandates have not yet been awarded.

*fintech · news · 2026-05-06 · Livemint*

## Key points

- GIP is considering IPOs for Pristine Logistics and Ascend Telecom, but has not appointed bankers yet.
- Pristine's prior 2022 IPO attempt was abandoned; takeover interest resurfaced in 2024 from A.P. Moller Capital.
- Ascend became India’s fourth-largest tower company after buying Tower Vision India for $400 million in 2023.
- Pristine's FY25 revenue fell 3%, but profit increased 11%; Ascend’s profit rose 20-fold due to tax credit.
- Over 10 Indian IPO candidates are now pursuing dual-track IPO and private sale strategies amid market volatility.

**Companies:** Global Infrastructure Partners, Ascend, Pristine, Sical Logistics Ltd, Tower Vision India
**Countries:** India

[Read the full story on Livemint](https://www.livemint.com/market/gip-blackrock-india-infrastructure-ipo-pristine-logistics-ascend-telecom-asset-monetization-11777959985853.html)

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