The regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it s a signal from the regulator to go ahead with the IPO process.
Federal Bank s arm Fedfina, IREDA get nod from Sebi to float IPOs - IPO News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Going by the draft papers, the IPO of Fedbank Financial Services Ltd (Fedfina) consists of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of 7.03 crore equity shares by promoter Federal Bank and existing shareholder True North Fund VI LLP.
India Business News: The Securities and Exchange Board of India (Sebi) has given approval to four companies to raise funds through initial public offerings (IPOs). Fedbank