The group’s flagship Peerless General Finance & Investment Company (PGFI) obtained the license of a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC) from the Reserve Bank of India during the year.
The most exciting announcement comes from the group’s real estate arm in the form of a 15-floor twin-tower retail-commercial-residential project scheduled to come up over 2.37 acres near the Biswa Bangla Gate in Action Area II in New Town in Calcutta
The retail finance-focused company plans to raise up to Rs 750 crore through a fresh issuance, while there is also an offer-for-sale portion, where Federal Bank (1.64 crore shares) and private equity player True North (5.38 crore shares) propose to offload shares
Fedfina To Raise Up To ₹1,400 Cr From IPO This Year freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
FedFina to raise up to ₹1,400 crore from IPO this year - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.