coming out with an IPO at a price band of Rs.32-33.The Issue consists
of fresh issue of Rs.280 crores & an offer for sale upto 72 million equity
shares by Equitas Holdings,will be open for anchor investors on October,19
and for all other investors between October,20 - 22.
Addressing the virtual press conference for the IPO,Mr.P.N.Vasudevan,
MD & CEO of the bank said that leveraging the existing network of branches
& reducing cost -income ratio will be the major areas of focus for the bank
in the medium term.
The bank was founded in 2017 as a Micro Finance Lender with Head Quarters
in Chennai.Started Banking operations in 2016.The Bank has 856 banking
outlets,operating in 15 states in the country with 15843 bankers at service.
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