Sebi gives nods to ASK Investment, Muthoot IPOs

rupees 230-150x
By Jonathan Breen
09 Oct 2018

ASK Investment Managers and microfinance lender Muthoot Microfin have won listing approval from India’s market regulator.

ASK is raising Rp6bn ($81m) in fresh equity while existing investor AI Global and promoter Sameer Koticha are providing 13.6m and 4.4m shares respectively for a secondary offer-for-sale.

JM Financial is left lead bank and Axis Capital, Citi and Nomura are bookrunning lead managers.

ASK, an asset and ...

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