Jaro Education file draft papers to raise Rs 570 crore via IPO
16 October 2024
The Mumbai-based Jaro Institute of Technology Management and Research, which operates in the online higher education and upskilling space, has filed preliminary papers with the capital markets regulator SEBI to raise Rs 570 crore through an initial public offering (IPO). The IPO consists of a fresh issuance of equity shares worth Rs 170 crore and an offer-for-sale of shares worth Rs 400 crore by promoter Sanjay Namdeo Salunkhe.
The Mumbai-based Jaro Institute of Technology Management and Research, which operates in the online higher education and upskilling space, has filed preliminary papers with the capital markets regulator SEBI to raise Rs 570 crore through an initial public offering (IPO). The IPO consists of a fresh issuance of equity shares worth Rs 170 crore and an offer-for-sale of shares worth Rs 400 crore by promoter Sanjay Namdeo Salunkhe.
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