IPO Details

Objectives

• •Investment for cloud infrastructure, in MTPL, our Subsidiary (₹1,390.00 Cr).
• •Payment of salaries of the existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by MTPL, the Subsidiary (₹480.00 Cr).
• •Investment in MTPL, our Subsidiary, for expenditure towards marketing and brand initiatives (₹1,020.00 Cr).
• •Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes.