AU Small Finance Financial institution Raises Over Rs 600 Crore


New Delhi, Mar 15 : The Jaipur-based AU Small Finance Financial institution on Monday mentioned it has raised Rs 625.50 crore by way of sale of shares to institutional buyers. The financial institution has accomplished the allotment of fairness shares underneath its Certified Establishments Placement (QIP) and has efficiently raised Rs 625.5 crore by way of the issuance of 50,00,00zero fairness shares at a problem worth of Rs 1,251/- per share, the financial institution mentioned in a regulatory submitting. The difficulty was launched on March 9 with a ground worth of Rs 1,181.06 a chunk.

The QIP witnessed robust reception from each home and worldwide institutional buyers and the whole QIP was subscribed by sovereign wealth funds, giant overseas portfolio buyers, life insurance coverage firm and home mutual funds, AU SFB mentioned.

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