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Today’s Top Nifty Gainer’s Tata power , Idea..
Equitas Holdings can hit the capital markets
tomorrow to boost Rs two,200-crore through associate degree initial public
provide (IPO), creating it the primary issue of the present financial that started this month. the corporate, with
a licence for tiny finance bank (SFB), has fastened the worth band at Rs
109-110 per share. The initial share-sale programme can shut on Apr seven.
The
IPO contains recent issue of shares aggregating Rs 720 large integer and a
suggestion purchasable of up to 132,425,884 equity shares by existing
shareholders as well as P N Vasudevan, MD, and personal equity stake holders.
These embody International Finance Corporation, Nederlandse Financierings,
Aavishkaar Goodwell Bharat Microfinance Development Company, cypress Capital
Bharat, Westbridge Ventures and Helion Venture Partners. The IPO can bring down
the company's foreign holding from the current ninety three % to thirty five %.
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