Veritas Finance gets Sebi nod to launch IPO
In short
Veritas Finance has got Sebi approval to launch its public issue. The company plans to use the new money to strengthen its capital base and support future lending.
What the reporting says
Veritas Finance has received Sebi's approval to launch its public issue. The company plans to use the fresh issue proceeds to strengthen its capital base and support future lending operations. The filing opens the way for the non-banking finance company to move ahead with its IPO plans.
Why it matters
Veritas Finance received Sebi approval to launch its public issue, and the company plans to use fresh issue proceeds to strengthen its capital base and support future lending operations. The nod allows the non-banking finance company to move ahead with its IPO plans.