Fusion CX has filed an addendum to its draft red herring prospectus (DRHP) revealing plans to use proceeds from its upcoming initial public offering to eliminate nearly 90% of its outstanding debt.
The Kolkata-based IT services provider is positioning the capital raise as a strategic reset, aiming to strengthen its balance sheet ahead of a significant operational pivot toward artificial intelligence data infrastructure.
The company, which is preparing for its debut on public markets, indicated that the deleveraging will free up financial flexibility to fund its growth strategy.
Management has outlined a clear intent to scale its AI capabilities, a move that aligns with broader industry trends as customer experience providers increasingly integrate generative AI into their service offerings.
The firm is also actively pursuing two acquisitions this year to accelerate this transformation.
This financial restructuring comes as Fusion CX expands its physical footprint in India.