New Delhi, June 12 -- Capillary Technologies, a company specialising in loyalty management and customer engagement software, is likely to file a draft prospectus by October and go public this fiscal, two people aware of the plan toldMint. This would be its second attempt at listing.
The company's board approved an initial public offering of Rs.2,250 crore, of which Rs.500 crore is a fresh issue of shares and Rs.1,750 crore is an offer for sale by existing investors, according to a filing with the ministry of corporate affairs earlier this month.
Investors such as Warburg Pincus and Avataar Ventures will sell a part of their stakes in the IPO to reach minimum public shareholding norms, the people added. Warburg Pincus first invested in C...
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