Ascent Capital-backed Radiant Cash Management Services Ltd will file its Draft Red Herring Prospectus with capital markets regulator SEBI to launch its initial public offering (IPO).
The Chennai-based firm intends to issue up to Rs 60 crore worth of new shares, while existing shareholders may sell up to 30.13 million equity shares.
The OFS comprises issue of up to 10.13 million shares by Col David Devasahayam and up to 20 million shares by Ascent Capital Advisors India.
