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AI solutions provider Fractal Analytics has filed its draft red herring prospectus (DRHP) with SEBI to raise up to Rs 4,900 crore through a mix of fresh issue and offer for sale (OFS).
The IPO will comprise a fresh issue of shares worth Rs 1,279 crore and an OFS of Rs 3,620.7 crore by existing shareholders. Key selling shareholders include Apax Partners-owned Quinag Bidco (Rs 1,463 crore), TPG Fett Holdings (Rs 2000 crore), Satya Kumari Remala and Rao Venkateswara Remala (Rs 29.5 crore), and GLM Family Trust (Rs 129 crore).
According to the DRHP, the…
