IPO-Bound Shadowfax Adds New Faces To Its Board

SUMMARY

The company has appointed its chief business officer Praharsh Chandra and head of business strategy Gaurav Jaithlia as whole-time directors on its board

It has also appointed Dinkar Gupta, a retired IPS officer, as a non-executive independent director on the board

This comes as the company is targeting an IPO of about INR 2,000 Cr to INR 2,500 Cr, with around 50% expected to be raised via a fresh issue

Logistics major ShadowFax has expanded its board by adding three new members as it prepares for its public listing.

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