FabHotels’ parent company Travelstack Tech Limited has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 250 crore through a fresh issue of shares.
The public offer will also include an offer-for-sale (OFS) of 2.68 crore equity shares by its early backers including Accel India, Panthera Growth Fund, Anupam Mittal, Qualcomm, and XTO10X.
According to the DRHP, Vaibhav Aggarwal will offload up to 35.82 lakh shares and Adarsh Manpuria will offload up to 17.91 lakh shares, while Anupam Mittal plans to sell 10.37 lakh…

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