News > Federal Bank’s subsidiary FedFina files IPO papers with Sebi

Federal Bank’s subsidiary FedFina files IPO papers with Sebi

Federal Bank’s subsidiary FedFina files IPO papers with Sebi [FedFina] ), which is promoted by Federal Bank, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

The public issue consist of a fresh issue aggregating up to Rs 900 crore and an Offer for Sale (OFS) of up to 45,714,286 equity shares by promoter and investor, according to the draft red herring prospectus (DRHP).