Ecom Express secures board nod for Rs 2,600 crore IPO

In what would be logistics firm Ecom Express’s second attempt at going public, the company’s board has approved the plan for a Rs 2,600 crore initial public offering (IPO).

According to the company’s internal documents accessed from the Registrar of Companies (RoC), Ecom Express is considering a fresh issue of up to Rs 1,284.5 crore and an offer-for-sale (OFS) component of up to Rs 1,315.5 crore.