Fusion CX Ltd. files preliminary papers with SEBI for a Rs 1,000 crore IPO, consisting of fresh issues of shares worth Rs 600 crore and an offer-for-sale component of Rs 400 crore.
Promoters P N S Business Pvt. and Rasish Consultants Pvt. to offload stake of Rs 200 crore each; equity shares proposed to be listed on NSE and BSE.
Nuvama Wealth Management Ltd., IIFL Capital Services Ltd., and Motilal Oswal Investment Advisors Ltd. are the book-running lead managers; KFin Technologies Ltd. to be the registrar of the issue.
Proceeds from the IPO will be used for repayment of borrowings, investment in subsidiaries for upgrading IT tools, and general corporate purposes; Fusion CX is a customer experience service provider with a global presence.