Veritas Finance gets SEBI nod for ₹900 crore IPO
In short
Veritas Finance has received SEBI observations for its planned IPO. The issue includes a fresh issue of ₹900 crore and an offer for sale of up to 1.28 crore shares.
What the reporting says
Veritas Finance received SEBI observations for its proposed IPO, according to a CNBC TV18 summary. The issue includes a fresh issue of ₹900 crore and an offer for sale of up to 1.28 crore shares. The approval moves the non-banking finance company a step closer to launching the public offering.
Why it matters
Veritas Finance received SEBI observations for its proposed IPO, with a fresh issue of ₹900 crore and an offer for sale of up to 1.28 crore shares, according to a CNBC TV18 summary. The move advances the non-banking finance company’s public offering process and brings it closer to tapping equity markets for funds.