Read more about Arohan Financial files paperwork for Rs 1,800 cr initial public offering on Business Standard. Arohan Financial Services, a non-banking financial company, has filed draft papers with markets regulator SEBI for its proposed initial public offer (IPO).As per market sources, the Kolkata-based company plans to raise between Rs 1,750 crore and Rs
Arohan Financial files draft red herring prospectus
February 15, 2021
The market sources peg the company’s IPO between ₹1,750-1,800 crore. Arohan Financial Services Ltd, a Kolkata-based NBFC and microfinance institution (MFI), has filed a Draft Red Herring Prospectus for an Initial Public Offering (IPO) with the market regulator.
While the company did not disclose the amount it intends to raise through the IPO, market sources pegged it about ₹1,750-1,800 crore.
The offer comprises fresh issuance of shares amounting to ₹850 crore. The company will have an Offer for Sale (OFS) of 2.7 crore shares by Maj Invest Financial Inclusion Fund II K/S, Michael & Susan Dell Foundation, Tano India Private Equity Fund II, TR Capital III Mauritius and Aavishkaar Goodwell India Microfinance Development Company II Ltd collectively.
Edelweiss General Insurance signs exclusive partnership with Okinawa Autotech for E-bike insurance
Posted On: 2021-02-03 09:57:13 (Time Zone: Arizona, USA)
Edelweiss General Insurance (EGI), India s first cloud-native and one of the fastest growing insurers, has entered into an exclusive partnership with Okinawa Autotech Pvt Ltd, India s largest Electric Two-wheeler manufacturer with over 40% market share. EGI will leverage Okinawa s vast dealership network (over 350 dealerships currently) across India, to offer customers simple, end to end, digital driven solutions, aimed at ensuring superior customer experience.
The partnership will help EGI provide customised solutions to customers of Okinawa across the country. Customers can now avail of a comprehensive insurance policy and will have the option to choose from multiple add-ons to suit their individual coverage requirements. The partnership is in sync with EGI s philosophy to invest in future technologies, support the ado