As a part of the OFS, Norwest Venture Partners X-Mauritius and TPG Growth IV SF PTE Ltd will offload shares worth Rs 700 crore each, Evolvence Coinvest I will divest shares to the tune of Rs 75 crore and Evolvence India Fund III Ltd will sell shares worth Rs 25 crore. Get more IPO News and Business News on Zee Business.
The company plans to raise about Rs 2,200 crore through the public offer, which includes a fresh equity sale of Rs 500 crore and an offer for sale (OFS) of Rs 1,700 crore.
TPG Growth-backed SK Finance, an NBFC engaged in used and new vehicle financing and secured business loans, raised Rs 1,328 crore from existing investors along with few other new investors.