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IPO● Neutral for Indian equities
J Infratech files IPO papers for ₹600 crore fresh issue and 1-crore-share OFS
The brief
- The proposed IPO includes a ₹600 crore fresh issue
- Promoters will sell 1 crore equity shares through an offer for sale
- Fresh issue proceeds could fund J Infratech’s EPC operations; promoters will also partially exit
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