SK Finance: SK Finance files draft papers with Sebi to raise ₹2,200cr via IPO | Jaipur News indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
As a part of the OFS, Norwest Venture Partners X-Mauritius and TPG Growth IV SF PTE Ltd will offload shares worth Rs 700 crore each, Evolvence Coinvest I will divest shares to the tune of Rs 75 crore and Evolvence India Fund III Ltd will sell shares worth Rs 25 crore. Get more IPO News and Business News on Zee Business.
The company plans to raise about Rs 2,200 crore through the public offer, which includes a fresh equity sale of Rs 500 crore and an offer for sale (OFS) of Rs 1,700 crore.
SK Finance Limited (“the Company”) established in 1994, is the fastest growing player in the vehicle financing segment and the MSME financing segment amongst the peers analysed, based on assets under management (“AUM”) CAGR in the respective segment for the period between Fiscal 2021 and Fiscal 2023 (Source: CRISIL Report) has filed Draft Red Herring…