Catholic Syrian Bank files for up to $64 mn IPO
01/04/2015 17:28
In the first listing by a local bank in over 48 months, Catholic Syrian Bank announced that it has filed for an initial public offering (IPO) with an aim to raise about Rs 400 crore ($64.2 million) to boost its core capital base and cater to future capital requirements. The lender is contemplating over selling anchor investors up to 12.5 million shares for up to Rs 150 crore prior to the IPO. ICICI Securities Ltd and Kotak Mahindra Capital Co. Ltd are the managers for the share sale.
01/04/2015 17:28
In the first listing by a local bank in over 48 months, Catholic Syrian Bank announced that it has filed for an initial public offering (IPO) with an aim to raise about Rs 400 crore ($64.2 million) to boost its core capital base and cater to future capital requirements. The lender is contemplating over selling anchor investors up to 12.5 million shares for up to Rs 150 crore prior to the IPO. ICICI Securities Ltd and Kotak Mahindra Capital Co. Ltd are the managers for the share sale.
