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Logistics provider Shadowfax Technologies has filed the updated draft red herring prospectus (UDRHP) for its initial public offering with capital markets regulator Securities and Exchange Board of India (Sebi).
The issue comprises a fresh issue of Rs 1,000 crore and an offer for sale of the same amount, according to the document.
Of the net proceeds from the IPO, more than Rs 423 crore will be invested in bulking up the company’s network infrastructure. “The company has been seeing massive traction emerging from quick deliveries…and its economics…
