Shadowfax Gets Board Nod To Raise INR 2,000 Cr Via IPO

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SUMMARY

Shadowfax’s board gave its nod for the initial public offering on June 24

The IPO will comprise a fresh issue of equity shares worth INR 1,000 Cr and an offer for sale worth INR 1,000 Cr

Earlier this month, the startup filed its DRHP with the SEBI for an IPO through the confidential pre-filing route

Logistics major Shadowfax’s board has approved raising up to INR 2,000 Cr ($231.8 Mn) via a fresh issue in its initial public offering (IPO).

According to the startup’s MCA filing, the board gave its nod for the IPO…



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Shadowfax Gets Board Nod To Raise INR 2,000 Cr Via IPO


SUMMARY

Shadowfax’s board gave its nod for the initial public offering on June 24

The IPO will comprise a fresh issue of equity shares worth INR 1,000 Cr and an offer for sale worth INR 1,000 Cr

Earlier this month, the startup filed its DRHP with the SEBI for an IPO through the confidential pre-filing route

Logistics major Shadowfax’s board has approved raising up to INR 2,000 Cr ($231.8 Mn) via a fresh issue in its initial public offering (IPO).

According to the startup’s MCA filing, the board gave its nod for the IPO…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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