EAAA India Alternatives to Float Rs 1,200-Crore IPO on October 26
· Business · Economic Times, LiveMint
EAAA India Alternatives Ltd will open its initial public offering worth Rs 1,200 crore on October 26. The subscription window closes on October 28 following anchor investor bidding on October 23. The offering is entirely an offer for sale by the Edelweiss Group, meaning the company will not receive fresh capital proceeds. The issue size was reduced from a previously proposed Rs 1,500 crore filed in the draft prospectus with SEBI in January. Incorporated in 2008, the company operates an alternative investment platform managing long-term capital across real assets and private credit.
Why it matters
Investors participating in the IPO will see all proceeds go directly to the Edelweiss Group rather than funding company operations.
Read the original report — Economic Times
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