IPO: Fusion Ltd will issue new equity shares to raise Rs 600 crore.

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Published on

October 31, 2022

A senior official said Saturday that Fusion Limited’s initial public offering (IPO) will generate roughly Rs 600 crore by issuing new equity shares.
The inaugural share sale will begin on November 2 and end on November 4. At a press conference, MD and CEO Devesh Sachdev announced a share price range of Rs 350-368. Promoters and current shareholders are selling 1,36,95,466 equity shares and issuing 600 crore more.
At the top of the pricing band, the business should raise Rs 1,104 crore.
Sachdev reported 1,000 outlets in 377 districts in 19 states and 29 lakh customers.
The firm handles Rs 7,400 crore, including Rs 500 crore from Rajasthan.