Madhu Kela Owns 8.99% In Abakkus Holding Company

Economic Times Markets · stocks

Ace investor Madhuri Madhusudan Kela holds an 8.99% stake in Abakkus Expert Professionals LLP, the holding company of Sunil Singhania-led Abakkus Asset Manager. The company recently filed its DRHP with SEBI for an Initial Public Offering (IPO). The IPO will be an offer for sale, with proceeds going to existing shareholders. Abakkus has shown consistent growth in revenue and profit over the last three fiscal years, indicating strong performance.