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Brookfield backed Tower Infra to acquire India s Space Teleinfra for Rs 900 cr

Brookfield backed Tower Infra to acquire India s Space Teleinfra for Rs 900 cr
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Fincare Small Finance Bank files IPO papers with SEBI

Fincare Small Finance Bank files IPO papers with SEBI SECTIONS Last Updated: May 09, 2021, 03:55 PM IST Share Synopsis The company is a digital-first SFB with a focus on unbanked and under-banked customers, especially in rural and semi-urban areas. iStock The IPO comprises a fresh issue of the bank s shares up to Rs 330 crore and an offer for sale aggregating up to Rs 1,000 crore by Fincare Business Services, which is the promoter. Related NEW DELHI: Fincare Small Finance Bank on Sunday filed draft papers for its initial public offering (IPO) with Sebi. The company plans to raise Rs 1,330 crore from primary markets.

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 crore and an offer for sale aggregating up to Rs 1,000 crore by promoter Fincare Business Services Limited, according to the Draft Red Herring Prospectus (DRHP).

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