India, Dec. 18 -- Travelstack Tech, the parent of hotels-focused corporate management provider TravelPlus and budget hotel chain FabHotels, has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI).

The travel tech company's proposed IPO will comprise a fresh issue of shares worth up to INR 250 Cr and an offer-for-sale (OFS) component of up to 2.69 Cr shares. The OFS would see the following investors offload shares:

Accel India will sell 67.16 Lakh shares.

Goldman Sachs will offload 32.84 Lakh shares through two of its private equity funds.

Panthera Growth Partners will sell 66.69 Lakh shares through three of its holding entities.

Qualcomm intends to offload 37.73 Lakh shares.

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