Passive telecom infra firm Pace Digitek files papers with Sebi to raise Rs 900-cr via IPO

New Delhi: Pace Digitek Ltd, a multi-disciplinary solutions provider specializing in telecom passive infrastructure industry, has filed preliminary papers with markets regulator Sebi for an initial public offering (IPO) to raise Rs 900 crore. The Bengaluru-based company’s IPO is completely a fresh issue of shares, according to the draft red herring prospectus (DRHP) filed on Thursday.