Fino Payments Bank receives green signal from SEBI for Rs 1300 crore IPO

Fino Payments Bank, a Mumbai-based fintech firm, has got approval from market regulator Securities and Exchange Board of India (SEBI) to raise funds through its initial public offering (IPO). The fintech bank is planning an initial public offering to attract Rs 1,300 crore. The company plans to raise around Rs 300 crore via fresh issue of shares, while the remaining Rs 1,000 crore will be secured through an offer for sale (OFS) of up to 1,56,02,999 equity shares by Fino … Continue reading Fino Payments Bank receives green signal from SEBI for Rs 1300 crore IPO