Equitas Holdings said on Friday that its subsidiary Equitas Small Finance Bank had filed, with the Securities and Exchange Board of India (Sebi), an addendum to its draft red herring prospectus (DRHP) revising its offer size for the proposed Initial Public Offering (IPO). The size of the fresh issue has been reduced from Rs 550 crore to Rs 280 crore.
The number of equity shares offered through the Offer for Sale (OFS) by the company, has been reduced from 80 million to 72 million. The Employee Reservation Portion for eligible employees has been reduced from Rs 5 crore to Rs 1 crore ...
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