Western Carriers (India) Ltd plans an IPO from September 13-18, aiming to raise ₹500 crore for debt repayment, capex, and corporate needs.

Western Carriers (India) Ltd plans to launch its IPO from September 13 to 18, aiming to raise ₹500 crore. The offering includes a fresh equity issue of up to ₹400 crore and an Offer For Sale of 54 lakh shares by promoter Rajendra Sethia. Funds will be allocated for debt repayment, capital expenditures, and corporate needs. The company, a leading rail-focused logistics firm, reported ₹1,685 crore in revenue and ₹80 crore in profit for fiscal 2024.

September 09, 2024
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