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Ashish Kacholia, Mukul Agrawal, others invest Rs 120 crore in IPO-bound Fusion CX

High-priority alert based on source significance and keyword relevance.

Context
What happened: Promoter selling shareholders PNS Business and Rasish Consultants completed secondary transfers of over 41.52 lakh Fusion CX shares at Rs 289 apiece, a 3.19% stake, ahead of the company's IPO. Key numbers: Rs 120 crore total for 41.52 lakh shares at Rs 289 each. Kotak Mahindra Life Insurance bought 17.30 lakh shares for Rs 50 crore. Ashish Kacholia bought 12.1 lakh shares for Rs 35 crore. Why it matters: The pre-IPO share purchases by Kacholia, Agrawal and Kotak Mahindra Life Insurance show investor interest in Fusion CX before its issue opens.
What changed
Promoter selling shareholders PNS Business and Rasish Consultants completed secondary transfers of over 41.52 lakh Fusion CX shares at Rs 289 apiece, a 3.19% stake, ahead of the company's IPO.
Why it matters
The pre-IPO share purchases by Kacholia, Agrawal and Kotak Mahindra Life Insurance show investor interest in Fusion CX before its issue opens.
Sources
economictimes
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