Jaro Education files for IPO
Jaro Institute of Technology Management and Research (Jaro Education) has filed its preliminary papers with Sebi for an initial public offering of Rs 570 crore, a statement said on Monday
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New Delhi: Jaro Institute of Technology Management and Research (Jaro Education) has filed its preliminary papers with Sebi for an initial public offering of Rs 570 crore, a statement said on Monday. The initial public offering (IPO) comprises a fresh issue of shares worth up to Rs 170 crore and an Offer for Sale (OFS) of shares worth up to Rs 400 crore, Jaro Education said in the statement. Promoter Sanjay Namdeo Salunkhe is selling equity shares worth Rs 400 crore through the OFS route. Promoters and promoter group entities hold a 85.03 per cent stake in the company while public shareholders hold the rest 14.97 per cent stake.
