Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group (ABFSG), announced an investment of Rs. 100 Crores from Aditya Birla Private Equity - Fund I in Mumbai based Trimax IT Infrastructure and Services Limited (Trimax).
Trimax IT Infrastructure & Services has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of 11,977,000 equity shares of face value of Rs 10 each.
Trimax plans to raise close to Rs 250-300 crore this fiscal (FY12). This will be used to expand its presence across India, said its chairman and managing director Surya Prakash Madrecha.