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Elevate Campuses to raise ₹2,100 crore through an IPO

According to The Hindu Business, Elevate Campuses plans an IPO to raise ₹2,100 crore, with net proceeds to be used to buy 14 K-12 entities/campuses in India and Dubai from promoter group companies, repay debt, and for unidentified acquisitions.

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Elevate Campuses to raise ₹2,100 crore through an IPO

economy5 h ago

coda.news AI summary

Elevate Campuses is the company pursuing the IPO.
Net proceeds are to be used to buy 14 K-12 entities/campuses in India and Dubai from promoter group companies.
Net proceeds are also to be used to repay debt and for unidentified acquisitions.

Elevate Campuses promoter group companies

The Hindu BusinessRead original ↗