Gaja Capital Files ₹656 Crore IPO

Gaja Capital, a private equity firm in India, is planning to go public with an IPO worth ₹656 crore.

This is the first time an Indian PE firm is doing this.

The money raised will be used to make the company stronger and pay back some loans.

The firm has invested in companies like Teamlease and Xpressbees.

Some of the company's leaders and early investors will sell parts of their shares.

The IPO is being managed by JM Financial and IIFL Capital.

This move is seen as a big step for India's private capital market.