Veritas Finance to Raise ₹2,800 Crore via 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 (OFS) of equity shares worth ₹2,200 crore by investors and individual selling shareholders. This move is expected to provide a significant boost to the company's growth plans, allowing it to expand its operations and explore new opportunities in the financial sector. With this IPO, Veritas Finance aims to increase its market presence and strengthen its position in the industry, leveraging the funds raised to drive business growth and enhance shareholder value.
