The company has filed a draft Red Herring Prospectus (DRHP) on Monday.
Another company in the IPO market is preparing to take an entry. The Customer Experience Service Provider has filed initial documents with SEBI to raise Rs 1,000 crore through the initial public issue (IPO). According to PTI news, the IPO of this company with Kolkata headquarters includes the issue of new equity shares up to Rs 600 crore and the sale of equity shares worth Rs 400 crore, as it shows the draft red hering prospectus (DRHP) filed on Monday.
According to the news, OFS includes the sales of stake by promoter PNS Business Private Limited and Rashish Consultants Private Limited. Also, the company can raise up to Rs 120 crore in the pre-IPO placement round. If such an initiative is completed, the size of the new issue will be reduced.
Where will the company use the raised amount
Fusion CX has proposed to invest for upgradation of IT devices in the Rs 75 crore step -down subsidy ink and Omind Technologies Private Limited – for payment of loan of Rs 292 crore from the new issue. In addition, funds will be used to carry forward inorganic development through some acquisitions and other strategic initiatives and general corporate purposes.
Know Fusion CX
Fusion provides high-level, complex and integrated CX services on many channels including CX Voice, Email, Chat, Social Media and Sandesh, and focuses on major areas such as telecommunications, high-technical growth and travel, BFSI, retail and healthcare. In 2004, corporate, fusion CX intensive domain connects expertise with a portfolio of ownership AI devices to enable customer connecting, operational efficiency and digital changes to enhance large-scale intelligent, multilingual and universal connectivity through a broad spectrum of generative AI-operated technology.
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