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India: Travel portal ixigo seeks to raise up to $240m via IPO route
May 25, 2021
Online travel portal ixigo is looking to raise ₹750 crore through a primary issue of shares, as part of its ₹1,500-1,800 crore initial public offering (IPO) expected later this fiscal year, two people aware of the discussions said, requesting anonymity. The company has appointed Kotak Mahindra Bank, ICICI Securities, Axis Capital Ltd and Nomura as its investment bankers, and will file its draft red herring prospectus in July, said one of the two people.
The travel portal, which has so far raised close to $22 million as part of its primary fundraise, will look to give a partial exit to investors through its public offering. ixigo counts Sequoia Capital India, Fosun RZ, Elevation Capital and Micromax Informatics as its investors. The company is also in talks to raise a pre-IPO round in the coming months, they added.
KFC, Pizza Hut Franchisee Seeks SEBIâs Nod For IPO
May 16 2021, 11:53 AM
May 16 2021, 11:53 AM
May 16 2021, 11:53 AM
The operator of Pizza Hut and KFC in India has sought the market regulatorâs approval to go public.Devyani International Ltd. will offer fresh equity shares worth up to Rs 400 crore and an offer-for-sale of 12.5 crore equity shares by Dunearn Investments (Mauritius) Pte. Ltd.âan arm of private equity firm Temasek and its promoter RJ Corp Ltd.âin its initial public offering, according to a draft red herring prospectus.The company didn.
The operator of Pizza Hut and KFC in India has sought the market regulatorâs approval to go public.
Pizza Hut operator Devyani International files for $191m IPO
Photo by Brenna Huff on Unsplash
May 16, 2021
Food and beverages major Devyani International Ltd (DIL), the largest franchisee of Pizza Hut, KFC, and Costa Coffee filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise nearly ₹1,400 crore through an initial public offering (IPO).
According to DRHP, the offer comprises a fresh issue of ₹400 crore and an offer of sale of up to 125.33 million equity shares by Dunearn Investments (Mauritus) Pte. Ltd, a wholly owned subsidiary of Temasek Holdings and RJ Corp Ltd.
The company is led by Ravi Kant Jaipuria, Promoter, RJ Corp and Virag Joshi, President & CEO, who been a key strategist to the expansion efforts by the company in addition to the management team comprising of Manish Dawar, Wholetime Director and Chief Financial Officer, Rajat Luthra, CEO – KFC and Amitabh Negi, CEO – Pizza Hut.