Chennai-based dronetech startup Garuda Aerospace has pre-filed its draft red herring prospectus (DRHP) with the SEBI
While the exact size of the IPO is yet to be determined, the company’s board, via an extraordinary general meeting (EGM) on March 19, approved an IPO that can comprise a fresh issue of up to ₹750 Cr along with an undisclosed offer for sale (OFS) component
The board also approved a stock split as part of its pre-IPO restructuring, reducing the face value of its…

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