Medi Assist Healthcare files for IPO, plans to raise Rs 850 crore
The Bengaluru-based healthcare company s IPO consists of a pure offer for sale (OFS) of 2.8 crore equity shares by Dr. Vikram Jit Singh, Medimatter Health management, Bessemer Health Capital LLC, and Investcorp Pvt. ATE Equity Fund
BusinessToday.In | May 11, 2021 | Updated 18:12 IST
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Medi Assist Healthcare Services Ltd has filed Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). The firm plans to raise Rs 850 crore through the share sale.
The Bengaluru-based healthcare company s IPO consists of a pure offer for sale (OFS) of 2.8 crore equity shares by Dr. Vikram Jit Singh, Medimatter Health management, Bessemer Health Capital LLC, and Investcorp Pvt. ATE Equity Fund.
Ride-hailing unicorn Ola has joined hands with GiveIndia, a Bengaluru-based non-profit organisation, to launch O2forIndia initiative to provide free oxygen concentrators to those in need. Through its philanthropic arm Ola Foundation, the company will be rolling out the service in Bengaluru this week with an initial set of 500 oxygen concentrators. The service will be scaled up to provide 10,000 concentrators across India in the coming weeks, said a press note shared by Ola.
Karnataka has entered a full state-wide lockdown from today till May 24, 2021. Till date, the state has reported over 19.3 lakh cases and 18,776 related fatalities. The recent lockdown restrictions have been introduced to break the chain of COVID-19 transmissions in the state.
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.
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| 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 shares of the bank worth 1330 crore and an offer for sale aggregating up to Rs 1,000 crore by the promoter entity Fincare Business Services Limited, according to the Draft Red Herring Prospectus (DRHP) filed by the company.
Fincare Small Finance Bank files Rs 1,330 Cr IPO papers with Sebi yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
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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-sale.
The initial public offer (IPO) comprises fresh issue of equity share of the bank worth Rs 330 crore and an offer for sale aggregating up to Rs 1,000 crore by promoter Fincare Business Services Limited, according to the Draft Red Herring Prospectus (DRHP).