Disha Microfin News Today

With their feet on the ground and a more diversified lending model, some of these unlisted banks are now getting ready to tap the capital markets

Fincare Small Finance Bank Ltd has refiled its preliminary IPO papers with market regulator Sebi after updating documents on financial earnings for fiscal 2022-23. This came after the Securities and Exchange Board of India (Sebi) returned the small finance draft IPO (Initial Public Offering) papers on March 3 and asked the company to refile the documents with certain updates.

Fincare Small Finance Bank files IPO documents to market regulator SEBI Fincare Small Finance Bank has filed preliminary papers  for a planned Rs 1,330 crore initial public offering (IPO) with capital market regulator SEBI. Share Via Email   |  A+A A- By Express News Service NEW DELHI:  Fincare Small Finance Bank has filed preliminary papers for a planned Rs 1,330 crore initial public offering (IPO) with capital market regulator SEBI.   The IPO comprises a fresh issue of equity sha...

Source: Highlights The initial public offer (IPO) comprises fresh issue of equity share of the bank worth Rs 330 crore The bank would utilise net proceeds from the fresh issue towards augmenting its Tier-1 capital base. A small portion of the proceeds will be used towards meeting the expenses in relation to the offer. New Delhi, May 9 (PTI) Digital lender Fincare Small Finance Bank has filed preliminary papers with capital market regulator Sebi to raise Rs 1,330 crore through an initial share...

India: Fincare Small Finance Bank files draft papers for $182m IPO Photo by Micheile Henderson on Unsplash May 9, 2021 Fincare Small Finance Bank (Fincare SFB) on Sunday filed a draft red herring prospectus with the markets regulator Securities Exchange Board of India to raise ₹1,330 crore via an initial public offering (IPO). Fincare is a “digital-first” SFB with a focus on unbanked and under-banked customers, especially in rural and semi-urban areas. The IPO comprises a fresh issue of ...

The public offer comprises a fresh issue of Rs 330 crore by the bank, and an offer for sale of Rs 1,000 crore by promoter Fincare Business Services.

Motilal Oswal PE buys minority stake in Fincare Small Finance Bank for about ₹185 crore May 03, 2021 × The deal provides partial exit to True North Fund V LLP, one of the key investors in the firm Motilal Oswal Private Equity (MOPE) has picked up a minority stake in Fincare Small Finance Bank for $25 million (about ₹185 crore) through a secondary acquisition. The deal provides partial exit to True North Fund V LLP, one of the key investors in the firm. The deal was done by India Business ...

Motilal Oswal Private Equity invests $25m in Fincare Small Finance Bank May 3, 2021 India Business Excellence Fund – III, managed and advised by Motilal Oswal Private Equity, has invested $25 million to pick up a minority stake in Fincare Small Finance Bank through a secondary acquisition. Fincare Small Finance Bank (SFB) is a Bengaluru-based MFI-NBFC turned Small Finance Bank. Fincare was one of the 10 applicants of a total of 72 to receive the Reserve Bank of India’s (RBI) approval for co...