In December 2018, a consortium of growth-oriented private equity firms led by CX Partners acquired a 'significant' equity ownership in Veeda.
In November 2018, a consortium of private equity investors led by CX Partners acquired a significant equity ownership in Veeda Clinical Research.
Veeda Clinical Research's Rs 831-crore IPO consists of an issuance of fresh equity shares worth up to Rs 331.60 crore and an OFS of Rs 500 crore by promoters and existing shareholders.
The initial share-sale will consist of an issuance of fresh equity shares worth up to Rs 331.60 crore and an offer for sale (OFS) of Rs 500 crore by promoters and existing shareholders, according to the draft red herring prospectus (DRHP).