Nihilent Technologies: Nihilent Technologies files DRHP

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Pune: Pune headquartered business consulting and IT solutions integration company Nihilent Technologies filed its DRHP with SEBI today.

The Initial Public Offering (IPO) comprises of fresh issue aggregating up to Rs. 2,500 million by the company and an offer for sale of up to 2,125,599 equity shares by the selling shareholders (including an offer for sale of up 1,171,219 equity shares by Vastu IT Private Limited, a member of promoter group), (“offered shares”).

The company said that it proposes to utilise the net proceeds from the fresh issue funding inorganic growth, replacement and upgradation activities at the corporate office, relocating the branch office. It would also br setting up a heuristic testing center in Chennai and a user experience laboratory and a media laboratory.

Motilal Oswal Investment Advisors Limited is the book running lead managers and Link Intime India Private Limited is the Registrar.

The equity shares will be listed on BSE & NSE.

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