IT People to raise Rs 45.25 cr through FPI

New Delhi, Aug 16: IT People India, recruitment and consulting company, today said it will raise Rs 45.25 crore through a Follow on Public Issue of equity shares of Rs two each for cash at a price to be determined by Book Building, including a share premium per equity share.

The company has filed a Red Herring Prospectus (RHP) with the registrar of companies (ROC) Maharashtra, Mumbai and Securities and Exchange Board of India (SEBI), said a statement.

The Follow on Public Issue of equity shares will open on August 27 and close on August 31.

The details relating to reservation have been disclosed in the prospectus and the company said it will announce other details relating to the issue such as the price band in due course.

IT People India Ltd provides human capital solutions focussed on the IT industry globally.

UNI