Shadowfax Files Updated DRHP For INR 2,000 Cr IPO

SUMMARY

The company’s public offering will comprise a fresh issue of equity shares worth up to INR 1,000 Cr and an OFS component of up to INR 1,000 Cr

Flipkart will offload shares worth up to INR 237 Cr, Eight Roads Ventures will sell shares worth up to INR 197 Cr, while TPG Inc will offload shares worth up to INR 150 Cr

The company intends to utilise the fresh proceeds for capital expenditure requirements, lease payments and for branding, marketing and communication

Source link