Veritas Finance Seeks to Raise ₹2,800 Crore through IPO, Files Draft Papers with SEBI
2025-01-20
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Veritas Finance has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹2,800 crore through an initial public offering (IPO). The IPO includes a fresh issue of equity shares worth ₹600 crore and an offer-for-sale of shares worth ₹2,200 crore by investors and individual selling shareholders. This move is expected to boost the company's growth and expansion plans. With this IPO, Veritas Finance aims to leverage the growing demand for financial services, driven by digital transformation and fintech innovations. The company's decision to go public is seen as a strategic move to increase its market presence and competitiveness in the industry.
