XED IPO: Company files RHP to raise $12 million; first GIFT City issue to open in March

GIFT City is set to launch its first IPO shortly, as XED Executive Development has submitted its Red Herring Prospectus to the Registrar of Companies after fulfilling the necessary regulatory requirements. The firm aims to raise $12 million through a dollar-based listing on international exchanges within India’s International Financial Services Centre, with the offering anticipated…

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