Enterprise artificial intelligence (AI) firm Fractal Analytics has secured approval from the Securities and Exchange Board of India (Sebi) for its planned initial public offering.
The offering includes a fresh issue of shares worth Rs 1,279 crore and an offer for sale valued at Rs 3,620 crore.
Selling shareholders in the offer for sale include Quinag Bidco, TPG Fett Holdings, Satya Kumari Remala and Rao Venkateswara Remala, and…