Ratnakar Bank plans IPO of up to $250mn

India Infoline News Service | Mumbai |

The offer will include an issue of new shares as well as some of the shares owned by the bank's private equity investors

Ratnakar Bank is planning to launch an initial public offering (IPO) of shares worth up USD 250 million in the first quarter of next year, according to a media report.
The offer will include an issue of new shares as well as some of the shares owned by the bank's private equity investors, the report added.
The bank's shareholders include International Finance Corp, an arm of the World Bank, CDC Group of Britain, Norwest Venture, Beacon Private Equity, Samara Capital, IDFC Private Equity and Aditya Birla Private Equity, according to the bank's website.
 

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