Cargo Breaking News
Skyways Air Services has decided to tap capital markets to raise funds via IPO for the purpose of debt reduction, and working capital requirements. The initial public offering (IPO) will comprise of fresh issue of 3.29 crore equity shares, and an offer-for-sale (OFS) of 1.33 crore shares by existing shareholders. Promoters Yashpal Sharma and Tarun Sharma will be offloading 95.8 lakh shares, and other shareholders – Himanshu Chhabra, and Rohit Sehgal selling 18.66 lakh shares and 18.86 lakh shares, respectively in the OFS.
The air freight forwarder that competes with listed peers like Delhivery, TVS Supply Chain Solutions, and Mahindra Logistics may consider fund raising by selling 62.5 lakh shares in the pre-IPO round, which is a part of fresh issue.
