Fino Payments Bank IPO gets SEBIs approval - All you need to know about Rs 1300 cr issue
The Securities and Exchange Board of India (SEBI) has approved the initial public offering of (IPO) of Fino Payments Bank.
The Securities and Exchange Board of India (SEBI) on Monday approved the initial public offering of (IPO) of Fino Payments Bank. Stakeholders of the bank will also benefit by the approval for the public issue.
Fino Payments Bank had recently filed Draft Red herring Prospectus (DRHP) with SEBI to raise around Rs 1,300 crore through an IPO. According to the DRHP papers, the IPO includes, a fresh issue of equity shares worth Rs 300 crore and an offer-for-sale of 15,602,999 equity shares by promoter Fino Paytech.
See Zee Business Live TV Streaming Below:
https://www.finobank.com.(Reported By Tarun Sharma)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.