India: GPT Healthcare files draft papers with SEBI to raise capital via IPO

GPT Healthcare Ltd, which runs the chain of ILS Hospitals, has filed a draft paper to seek Securities Exchange Board of India (SEBI) approval for raising funds via an initial public offering (IPO).

The IPO consists of a fresh issue of 17.50 crore and an offer for sale (OFS) of up to 29.89 million shares by its existing shareholders and promoters.

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