Aequs Files Updated DRHP, To Raise INR 720 Cr Via Fresh Issue

The Bengaluru-based company’s proposed public offering will comprise a fresh issue of equity shares worth up to INR 720 Cr and an offer-for-sale (OFS) component of up to 3.2 Cr equity shares

The company intends to utilise the capital raised from the fresh issue to repay or prepay outstanding borrowings worth INR 419.2 Cr, purchase machinery and other equipment and fuel acquisitions

Founded in 2006 by Aravind Melligeri, Aequs is a diversified contract manufacturing company catering…