Corporate News 05-Oct-23
Asirvad Micro Finance files draft red herring prospectus
Plans to raise up to Rs 1500 cr via IPO
Manappuram Finance announced that its subsidiary - Asirvad Micro Finance has filed a draft red herring prospectus dated 05 October 2023 with the Securities and Exchange Board of India, BSE and National Stock Exchange of India in connection with its proposed initial public offer (IPO) of equity shares, subject to receipt of requisite approvals, market conditions and other considerations.
Asirvad Micro Finance plans to raise up to Rs 1500 crore via its IPO.
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