Federal Bank update on proposed IPO of FedFina subsidiary

27 Feb 2022 , 01:34 AM

Federal Banks subsidiary Fedbank Financial Services FedFina has filed its Draft Red Herring Prospectus DRHP with SEBI for the proposed Initial Public Offering IPO of its equity shares on 19 February 2022 FedFina is proposing to undertake an initial public offering of equity shares of face value of Rs10 each of FedFina Offer comprising a fresh issue of Equity Shares by FedFina aggregating up to Rs900 crore Fresh Issue and an offer for sale of up to 16497973 Equity Shares by Federal Bank and up to 29216313 Equity Shares by True North Fund VI LLP