Avendus Capital is running the sales process for the potential deal that values Mahindra Susten at an enterprise and equity value of around ₹7,000 crore and ₹1700 crore, respectively, the people said, requesting anonymity.
The IPO comprises fresh issue of shares worth Rs 1350 crore, and an offer for sale up to 4,007,500 equity shares by the company s promoters and existing shareholders.
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