Seshaasai Technologies Raises Rs 120 Crore in Pre-IPO Placement

Seshaasai Technologies, a company providing tech solutions for banks and other financial institutions, has raised money before it offers shares to the public.

This is called a pre-IPO placement.

They sold shares to certain investors, like insurance and investment funds, for Rs 120 crore.

This means the company will get less money from the public when they launch the IPO.

This pre-IPO placement aims to boost the company's market position.

The money raised will support its upcoming public offering, and help with growth in BFSI and IoT sectors.

The company provides payment and communication solutions with a focus on data security.