Sunday, December 10, 2023

Fedbank Financial offers exposure to fast-growing MSME lending business

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ET Intelligence Group: Fedbank Financial Services (FBFS), a nonbanking financial company (NBFC), plans to raise upto Rs 600 crore through fresh equity to augment capital base and upto Rs 492 crore through an offer for sale. The promoter Federal Bank’s stake will fall to 62.4% after the IPO from 72.3%.True North Fund, a private equity firm and the selling investor, will reduce its stake to 14.4% from 25.4%. The lender focuses on rapidly growing

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