Fibe Secures SEBI Approval For Rs 750 Crore

Economic Times - Tech · technology

Digital lending startup Fibe has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering. The IPO comprises a fresh issue of up to Rs 750 crore and an offer for sale of 40.07 million shares by existing investors. Fibe plans to invest Rs 562.6 crore from the fresh proceeds into its non-banking financial company arm to augment its capital base and support lending.