Fedbank Financial Services IPO: Federal Bank arm sets price band at Rs 133-140/share

November 17, 2023

Fedbank Financial Services IPO consists fresh equity issue worth Rs 600 crore along with an offer for sale (OFS) comprising 35,161,723 equity shares. Under the OFS, 1.64 crore equity shares will be offloaded by Federal Bank and 5.38 crore shares by True North Fund VI LLP.

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Sector-wise ownership: IT sector tops promoter ownership in Nifty50

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