ESAF Small Finance Bank receives Sebi approval to float IPO
The small finance bank would use net proceeds from the fresh issue towards augmenting the tier 1 capital (primarily loans/advances and investment portfolio) to meet future capital requirements.
Kerala-based ESAF Small Finance Bank has received Sebi's approval to launch an initial public offering (IPO).
Sebi issued the final observations to the lenders' proposal on March 20, 2020, according to the information published on regulator's website.
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