India: Small bank licencee Au Financiers' IPO plan okayed

India: Small bank licencee Au Financiers' IPO plan okayed

The Au Financiers logo as pictured on the company website

Jaipur-based small finance bank licence holder Au Financiers gets Securities and Exchange Board of India, or Sebi’s approval to launch an initial public offer (IPO), according to two people aware of the development. The company will launch the IPO, which will be pure offer for sale in the next quarter.

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