Mouri Tech's Strategic IPO Resurface: Investing in AI-Driven Growth
Mouri Tech, an IT solutions and services firm, has refiled with India's Sebi for an IPO to raise Rs 1,500 crore. The proceeds aim at debt reduction, acquisition funding, and general corporate purposes. Prominent stakeholders are offloading shares, and the IPO also entails equity listing on NSE and BSE.
- Country:
- India
Mouri Tech, a prominent IT solutions and services provider, has once again approached India's capital market regulatory body, Sebi, seeking approval for an IPO aimed at raising Rs 1,500 crore.
The firm had previously withdrawn its IPO documents in December 2024, leaving potential investors guessing about the rationale behind the decision.
In the latest Draft Red Herring Prospectus (DRHP) submitted on May 5, Mouri Tech disclosed plans to offer shares worth Rs 250 crore for fresh fundraising, while its promoters and a key investor intend to divest shares amounting to Rs 1,250 crore.
(With inputs from agencies.)
- READ MORE ON:
- Mouri Tech
- IPO
- IT solutions
- AI growth
- capital raising
- shareholders
- Sebi
- investment
- NSE
- BSE
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