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Fusion CX Files DRHP Papers For Rs 1,000-Crore IPO

  • 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.

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