Ashish Kacholia, Kotak Life Lead Fusion CX’s Rs 315-Crore Anchor Book Ahead of Rs 702-Crore IPO

Ashish Kacholia, Kotak Life lead Fusion CX’s Rs 315-crore anchor book ahead of Rs 702-crore IPO

Fusion CX raised Rs 315 crore from anchor investors ahead of its Rs 702-crore IPO, with Ashish Kacholia and Kotak Mahindra Life Insurance among the participants. The issue opens on October 14 and closes on October 16. Swastika Investmart has assigned a Neutral rating, citing valuations and limited scope for re-rating.

Kotak Life, investors Mukul Agrawal, Ashish Kacholia acquire shares in Fusion CX ahead of IPO

The company has fixed a price band of ₹275-289 per share, valuing the company at approximately ₹4,200 crore at the upper end of the price band.

Ashish Kacholia, Mukul Agrawal, others invest Rs 120 crore in IPO-bound Fusion CX

Ace investors Ashish Kacholia and Mukul Agrawal-backed Sanshi Fund, along with Kotak Mahindra Life Insurance, acquired a combined 3.19% stake worth Rs 120 crore in Fusion CX ahead of its Rs 702 crore IPO opening on October 14.

Kotak Mahindra Life, Ashish Kacholia, Others Invest Rs 120 Crore In Fusion Cx Ahead Of IPO

The IPO comprises a fresh issue of shares worth up to Rs 500 crore and an offer for sale of shares aggregating up to Rs 202 crore by promoter selling shareholders.