In a first-of-its-kind development in the banking sector, the Reserve Bank of India (RBI) has approved the merger of financial technology (fintech) credit and payment company slice and Guwahati-based North East Small Finance Bank (NESFB). With this deal, slice, the fintech, would become a small finance bank.
Get latest articles and stories on Latest News at LatestLY. Fusion Micro Finance on Tuesday said it has raised a little over Rs 331 crore from anchor investors ahead of its initial public offering (IPO) that opens for public subscription on Wednesday. Latest News | Ahead of IPO, Fusion Micro Finance Garners Rs 331 Crore from Anchor Investors.
The primary market is heading for a busy time, with four firms, including Global Health Ltd, which operates hospitals under the Medanta brand, and micro finance lender Fusion Micro Finance Ltd, lining up their IPOs next week.
31NEW DELHI, Oct 30: The primary market is heading for a busy time, with four firms, including Global Health Ltd, which operates hospitals under the Medanta brand, and micro finance lender Fusion Micro Finance Ltd, lining up their IPOs next week. The other two companies whose IPOs are ready to open are DCX Systems, a manufacturer of cables and wire harness assemblies, and Bikaji Foods International. Together, these four companies are expected to fetch over Rs 4,500 crore through the […]