Executive Centre India Secures Sebi Approval for 2,600 Crore IPO

Executive Centre India has received approval from the Securities and Exchange Board of India (Sebi) to launch an Initial Public Offering (IPO) aiming to raise 2,600 crore. The funds will be used for investment in its subsidiary TEC Abu Dhabi and to finance part of the acquisition of TEC Singapore and TEC Dubai. The company, part of the Hong Kong-based TEC Group, has been operating in India since 2008 and offers premium flexible workspace solutions across Asia. This IPO follows a trend of similar listings in the Indian flex workspace market.