Harisons Steel Limited has filed DRHP with SEBI to raise R60Cr through an IPO.
The funds raised will be used to set up rolling mill with a proposed capacity of 30,000 Mts p.a. (R41.59Cr); to part finance incremental working capital requirement (R8Cr) and for other corporate purposes.
Comfort Securities is the book running lead manager to the issue.
Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.