Fractal Analytics gets Sebi approval for IPO

Enterprise artificial intelligence (AI) firm Fractal Analytics has secured approval from the Securities and Exchange Board of India (Sebi) for its planned initial public offering.

The offering includes a fresh issue of shares worth Rs 1,279 crore and an offer for sale valued at Rs 3,620 crore.

Selling shareholders in the offer for sale include Quinag Bidco, TPG Fett Holdings, Satya Kumari Remala and Rao Venkateswara Remala, and GLM Family Trust.

Fractal Analytics will use the capital to support expansion plans and provide partial exits to existing investors.

Source: EconomicTimes
Related Posts: Fractal Analytics IPO Last Day Fractal Analytics Fractal Analytics files IPO papers in bid to be 1st listed AI company in India Fractal Analytics IPO Lists At 2 Venezuelan situation to have negligible impact on India’s energy security Amazon loses VP helping lead development of artificial general intelligence The paradox of artificial intelligence 25 Jobs At Risk Due To Artificial Intelligence Trade Intelligence And Analytics (TIA) Portal Launched To Help Exporters HCL Technologies to acquire Hewlett Packard Enterprise telco solutions business for $160 million