Escorts to raise Rs 200 cr via pre-IPO placement
Escorts Group is now looking at unlocking value from its construction equipment business, which is growing at a compound annual growth rate (CAGR) of 45 per cent, as new business is coming from new infrastructure projects. Escorts is planning an initial public offer (IPO) for this subsidiary in two years from now but for the moment it plans to raise over Rs 200 crore via pre-IPO placement.
