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Skanray Tech files IPO papers with Sebi
Medical equipment maker Skanray Technologies has filed preliminary papers with markets regulator Sebi to raise funds through an initial share-sale.
image for illustrative purpose
New Delhi: Medical equipment maker Skanray Technologies has filed preliminary papers with markets regulator Sebi to raise funds through an initial share-sale.
The company may consider a pre-IPO placement of shares to the tune of Rs 350 crore, including a fresh issue of share of Rs 150 crore and a share sale by certain existing shareholders of up to Rs 200 crore.
Proceeds from the fresh issue will be utilsed towards funding inorganic growth, working capital requirements, investment in subsidiaries and capital expenditure requirements.
