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Brookfield-backed Tower Infrastructure Trust to acquire Space Teleinfra for Rs 900 crore
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Brookfield backed Tower Infra to acquire India s Space Teleinfra for Rs 900 cr
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Fincare Small Finance Bank files Rs 1,330 Cr IPO papers with Sebi
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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).