Kross Ltd has filed its preliminary draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise 500 crore through an Initial Public Offering (IPO).
The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore by the promoters Sudhir Rai and Anita Rai.