Ujjivan Small Finance Bank has gained markets regulator Sebi’s nod for raising Rs 1,200 crore via an initial public offer (IPO).
Microfinance lender Ujjivan Financial Services is the holding firm of Ujjivan Small Finance Bank.
The bank that filed draft papers with the regulator in August, received its results on October 16, as per the Securities and Exchange Board of India (Sebi).
The observations are pivotal to any company for introducing its public issues like initial public offer (IPO), follow-on public offer (FPO) and rights issue.
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