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The Economic Times

Business

Debaroti Adhikary

Ashish Kacholia, Mukul Agrawal, others invest Rs 120 crore in IPO-bound Fusion CX

Ashish Kacholia Mukul Agrawal IPO Insurance

Ace investors Ashish Kacholia and Mukul Agrawal, along with Kotak Mahindra Life Insurance and others, acquired stakes cumulatively worth Rs 120 crore in Kolkata-headquartered AI data infrastructure services provider Fusion CX ahead of its IPO via secondary transactions.

Promoter selling shareholders PNS Business and Rasish Consultants completed secondary share transfers of more than 41.52 lakh equity shares at Rs 289 apiece earlier this month, totalling Rs 120 crore for a 3.19% stake in the company.

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