Executive Centre India Receives Sebi Approval for Rs 2,600 Crore IPO

Executive Centre India Limited has received Securities and Exchange Board of India (Sebi) approval for a Rs 2,600 crore initial public offering (IPO) through a fresh equity issue. The company plans to use the proceeds primarily to invest in its subsidiary TEC Abu Dhabi and finance acquisitions of step-down subsidiaries TEC Singapore and TEC Dubai. Operating since 2008, Executive Centre India offers premium flexible workspace solutions across 89 centres in 14 cities across seven countries, reporting a 27.6% revenue growth to Rs 1,322.64 crore in FY25.