IT solutions provider, Trimax IT Infrastructure and Services plans to raise around Rs 250-crore through an initial public offering this year, a top company official said. The company hopes to file the draft red herring prospectus with market regulator Sebi over the next 6-months, the company said.
The Mumbai-based company, which operates in three verticals -- System Integration, Data centre services, and IT Infrastructure Management, would be using the proceeds for the firm's domestic as well as overseas expansion, mainly in Africa, he said.
Source: Economic Times