CIEL HR Services mops up Rs 30 cr from Zoho, Pegasus, others in pre-IPO round
Published on: Jan. 3, 2026, 2:36 p.m. | Source: Daily Excelsior
NEW DELHI, Jan 3: Human resources solutions provider CIEL HR Services has raised Rs 30 crore from 88 investors, including Zoho Corporation, Pegasus India and Standard Fireworks, ahead of its proposed initial public offering (IPO). In a public announcement, the Chennai-based company said it carried out a pre-IPO placement of 27,27,272 equity shares at Rs 110 apiece, aggregating to Rs 30 crore. The fundraise was approved by the board on November 17 and by shareholders at an extraordinary general meeting […]
