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Anand Rathi Wealth Files for Rs 1000 cr IPO Jul 22, 2021, 07:58 IST
Mumbai: Anand Rathi Wealth Limited, one of the leading non-bank wealth solutions firms in India, has filed its papers with the regulator for the IPO. As per market sources the issue size is expected to be around Rs 1000 crs.
The Initial Public Offering is an Offer of Sale of up to 1,20,00,000 equity shares of face value of Rs 5 each by Promoter Selling Shareholders - Anand Rathi Financial Services Limited, Anand Rathi, Pradeep Gupta and Other Selling Shareholders - Amit Rathi, Priti Gupta, Supriya Rathi, Rawal Family Trust, Jugal Mantri, and Feroze Azee. The Company will not receive any proceeds from the issuance.
Anand Rathi Wealth Ltd files for Rs 1000 cr IPO equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
to vie for a digital banking licence.
The deadline for the application of a digital banking licence is this Wednesday and Bank Negara is expected to issue up to five licences by the first quarter of next year.
, a leading Asean universal banking group, is currently strengthening its capabilities to deepen its presence in the digital banking space.
On the strategies and plans that CIMB Group has put in place to further boost its digital banking business, CIMB Digital Assets CEO Effendy Shahul Hamid told StarBiz that there are multiple efforts taking place across the group’s franchise.
“Different business lines across the banking group continue to innovate offerings to customers in terms of enhanced product, user journeys and experience, and digitalised access.