Share story
Products

Iris Global files for IPO with up to ₹200 crore in new shares

Iris Global files for IPO with up to ₹200 crore in new shares Image: Primary
Indian technology distributor Iris Global Services filed draft IPO papers with the Securities and Exchange Board of India, beginning regulatory review of a proposed offering. The plan includes up to ₹200 crore in newly issued shares and an offer for sale of as many as 5 crore shares by promoters Sanjiv Krishen and Kamini Talwar. Iris plans to use the fresh proceeds for working capital and general corporate purposes. Selling shareholders will receive the offer-for-sale proceeds. A contemplated pre-IPO placement of up to ₹40 crore would reduce the fresh issue by the corresponding amount.
Sources
Free Press Journal
In this story
India
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Free Press Journal and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital AI
Capital AI

Nevis raises $70M with Schwab joining wealth software investors

Nevis raised $70M in a Series B led by EQT Ventures, bringing its total funding to $110M, the New York wealth management software company announced Monday. Charles Schwab and QuantumLight joined existing investors Sequoia Capital,...

The Next Web
Robotics Capital
Robotics Capital

Bedrock Robotics raises $600M at a $4.1B valuation

Bedrock Robotics raised a $600M Series C at a $4.1B valuation, Bloomberg reported. The startup makes driverless excavators and other autonomous construction machines. The financing adds capital to a company developing autonomous ...

Techmeme
Capital
Capital

Matiks raises $10 million to expand puzzle games and game creation

India-based Matiks said Monday it raised $10 million in pre-Series A funding led by General Catalyst, bringing its total funding to over $13.5 million. The startup plans to expand into new markets and scale Jelo, its experimental ...

TechCrunch
AI Products
AI Products

AWS makes GPT-6.1 Terra generally available on Bedrock

AWS announced general availability of OpenAI's GPT-6.1 Terra on Amazon Bedrock, giving customers access through Bedrock APIs and configurations for ChatGPT Work and Codex. The model accepts text and images and supports up to 1 mil...

Recent Announcements
AI
AI

OpenAI releases GPT-6.1 Terra at $1 per million input tokens

OpenAI has released GPT-6.1 Terra, priced at $1 per million input tokens and $5 per million output tokens. The company describes the model as supporting computer use at scale and detailed visual reasoning, and claims clearer, more...

Techmeme