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.
Key facts
- 01Elevate Campuses is the company pursuing the IPO.
- 02Net proceeds are to be used to buy 14 K-12 entities/campuses in India and Dubai from promoter group companies.
- 03Net proceeds are also to be used to repay debt and for unidentified acquisitions.
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- Student housing platform Elevate Campuses to raise ₹2,100 crore via IPO · The Hindu Business