India’s oldest car rental firm KTC expanding to Dubai & Saudi this year; plans Rs 100-cr IPO
Karachi Taxi Company (KTC), India's oldest car rental firm established in 1943, is set to broaden its international presence. The company plans to establish operations in Dubai within the next quarter and subsequently in Saudi Arabia by September. To finance the initial phase of its global expansion, KTC, boasting a fleet of over 2,000 vehicles, is exploring options to raise Rs 100 crore in the next fiscal year.
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