Fincare Small Finance Bank files Rs 1,330-cr IPO papers with Sebi
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-sale. The initial public offer (IPO) comprises fresh issue of equity share of the bank worth Rs 330...
Source: india.com