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Recruitment firm CIEL HR Services to file DRHP by end of Feb 2024
Recruitment and staffing services firm CIEL HR would be filing its draft red-herring prospectus by the end of February 2024.
The Chennai-headquartered company expects to raise Rs 500 crore through its Initial Public Offering by June-July 2024, CIEL Group Executive Chairperson K Pandiarajan said on Monday.
Pandiarajan and senior company officials were here to make a slew of announcements by CIEL Group, which include launch of CIEL Career Accelerator Programme, Building Talent Pool of Chief Human Resource Officers and launch of a Gig-working platform.
The occasion also witnessed the acquisition of an IT Staffing Company RG Staffing Company by CIEL HR through share-swap'ratio, he said.
Very important press meet for usRG Staffing is a leading IT Staffing company headquartered in Chennai. It reported revenues of Rs 16 crore. I have known this company from its birth. Its promoters are Badri Seshadri and Ramachandran.. Pandiarajan told reporters.
We believe that this integration will ...