 "Navi Mutual Fund")
Navi Technologies is planning to raise Rs 4,000 crore in fresh capital through an initial public offering (IPO). The company is expected to file its draft red herring prospectus with market regulator Sebi this week, said people in the know.
ICICI Securities, BofA and Axis Capital are the investment banks handling the share sale.
The company declined to comment on a query sent by Business Standard on its IPO plans.
Navi Tech is co-founded and promoted by Flipkart co-founder Sachin Bansal.
Sources said the IPO could hit the market during the first quarter of next financial year. The company will
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