NEW DELHI: (Jan 29) Insurtech firm Turtlemint Fintech Solutions Ltd has filed updated draft papers with markets regulator Sebi to launch its initial public offering (IPO), with people familiar with the matter pegging the issue size at Rs 2,000 crore.
The offer comprises a fresh issue of equity shares aggregating up to Rs 660.7 crore, and an offer-for-sale (OFS) of 28,608,992 equity shares by the selling shareholders, according to the updated draft papers filed late on Wednesday evening.
Those selling shares under the OFS are — Anand Rohidas Prabhudesai, Dhirendra Nalin Mahyavanshi, Vistra (ITCL) India Ltd — Trustee –“ Blume Ventures Fund 1X; Kunal Shah; Nexus Ventures VI Holdings, LLC; Nexus Ventures IV, Ltd; Peak XV Partners Investments V; GGV VII Investments Pte. Ltd; Jungle Ventures III Investment Holding Pte. Ltd; and Catalyst Trusteeship Ltd –Trustee — Blume Ventures (Opportunities) Fund IIA.
Source: PTI News
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