Esaf wins listing approval in choppy Indian markets

rupees 230-150x
By Jonathan Breen
24 Mar 2020

India’s market regulator has approved Esaf Small Finance Bank to launch its IPO of about Rp9.8bn ($128.3m).

The micro-finance lender received “observations”, equivalent to approval, from the Securities and Exchange Board of India on March 20.

Esaf Small Finance set the ball rolling for its IPO in January this year, filing a draft prospectus with Sebi. Axis Capital is the left lead bank on ...

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