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ESDS Software Solution Re-Files Draft Papers For Rs 600-Crore IPO

  • ESDS Software Solution Ltd. has re-filed its draft red herring prospectus for an initial public offering worth Rs 600 crore.
  • The IPO solely comprises a fresh issue with a face value of Re 1 per equity share and will be listed on BSE Ltd. and the National Stock Exchange of India Ltd.
  • Proceeds from the issue will be used to fund the purchase and installation of cloud computing and other equipment and infrastructure for the company's data centres.
  • ESDS Software Solution operates its IaaS services through four data centres in India and serves customers in various sectors.

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