Tridhya Tech IPO to hit bourses today

New Delhi: Ahmedabad-based software development firm Tridhya Tech Ltd will hit the capital market on Friday to raise up to Rs26.41 crore from its SME public issue. The company plans to use the proceeds of the public issue for the repayment of unsecured and secured loans and general corporate purposes. Following the Initial Public Offer (IPO), the company’s shares will be listed on the SME Emerge Platform of the National Stock Exchange. The public issue will close on July 5.