Federal Bank's subsidiary Fedfina re-files IPO papers with Sebi
Fedbank Financial Services Ltd (Fedfina), which is promoted by private sector lender Federal Bank, filed fresh preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
Federal Bank will offload 1.65 crore shares and True North Fund VI LLP will divest 5.38 crore shares. Image Courtesy: Reuters.