Unews World
Water purifier maker Kent R O Systems filed draft papers for an IPO on Wednesday.
The firm’s founder and chairman, Mahesh Gupta, along with other family members, will collectively sell 10.1 million shares, or a 10% stake out of their 99.8% interest in the company, according to the draft papers. Kent will not issue new shares in the IPO. The firm, which also makes vacuum cleaners and fans, is the latest among a slew of companies looking to make their stock market debut in India.
Around 14 companies have floated share sales so far in 2025.
Check Also
Food delivery apps to tighten checks to stop illegal workers
Deliveroo, Uber Eats and Just Eat have agree to “strengthen” security checks following reports some …