Travel Food Services, operating airport QSRs and lounges in India and Malaysia, files draft papers with Sebi for a Rs 2,000 crore IPO. The IPO is an offer-for-sale (OFS) by the Kapur Family Trust, with proceeds going to the selling shareholder.
New Delhi, Dec 11 (PTI) Travel Food Services, operating a travel quick-service restaurant and a lounge business across airports in India and Malaysia, has filed draft papers with markets regulator Sebi to float a Rs 2,000 crore initial public offering (IPO).
The proposed IPO is entirely an offer-for-sale (OFS) of shares worth Rs 2,000 crore by promoter Kapur Family Trust. The offer includes reservations for subscriptions by eligible employees, according to the draft red herring prospectus (DRHP)…
