IT Infrastructure Solutions Provider Armee Infotech Files Papers to Garner Rs 250 Crore via IPO ...Middle East

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IT Infrastructure Solutions Provider Armee Infotech Files Papers to Garner Rs 250 Crore via IPO
IT Infrastructure Solutions Provider Armee Infotech Files Papers to Garner Rs 250 Crore via IPO. Image: Canva IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO). The Gujarat-based company’s initial share sale is completely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds of the issue will be used to increase the working capital requirements of the company, payment of debt and general corporate purposes. Armee Infotech services a wide variety of pro

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