Urban Company taps Morgan Stanley for Rs 2,500 crore QIP

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Urban Company has engaged Morgan Stanley to manage a qualified institutional placement (QIP) worth Rs 2,500 crore. The move signals the home-services platform's plan to raise capital from institutional investors. The fundraise is intended to support the company's growth and business objectives. Morgan Stanley will act as the lead advisor for the placement. Further details on timing and pricing were not disclosed in the source report.

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