Latest news with #SKFinanceLtd.
Economic Times
5 days ago
- Business
- Economic Times
TPG-backed SK Finance set to launch Rs 1,600 crore IPO next week: Report
SK Finance Ltd., the Indian financing company backed by TPG Inc., is likely to begin taking investor orders its initial public offering by as early as next week after reducing the size of the deal, according to people familiar with the matter. ADVERTISEMENT The IPO could fetch about 16 billion rupees ($182 million), down from an earlier planned 22 billion rupees, the people said, asking not to be identified as the information is private. Deliberations are ongoing, and details could still change, they said. Representatives for SK Finance, which isn't affiliated with South Korea's SK Group, didn't respond to requests for comments. The company filed its draft IPO prospectus in May last year and, in August 2024, received regulatory approval, which is valid for 12 on that filing, the offering would involve new shares valued at as much as to 5 billion rupees and as much as 17 billion rupees of existing shares sold by shareholders, including TPG and Norwest Venture Partners. The company plans to use the proceeds for future business needs such as lending and general corporate Mahindra Capital Co., Jefferies Financial Group Inc., Motilal Oswal Investment Advisors, and Nomura Holdings Inc. are acting as book-running lead managers for the deal. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
TPG-backed SK Finance set to launch Rs 1,600 crore IPO next week: Report
SK Finance Ltd., the Indian financing company backed by TPG Inc., is likely to begin taking investor orders its initial public offering by as early as next week after reducing the size of the deal, according to people familiar with the matter. The IPO could fetch about 16 billion rupees ($182 million), down from an earlier planned 22 billion rupees, the people said, asking not to be identified as the information is private. Deliberations are ongoing, and details could still change, they said. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dhoni's Exclusive Home Interior Choice? HomeLane Get Quote Undo Representatives for SK Finance, which isn't affiliated with South Korea's SK Group, didn't respond to requests for comments. The company filed its draft IPO prospectus in May last year and, in August 2024, received regulatory approval, which is valid for 12 months. Based on that filing, the offering would involve new shares valued at as much as to 5 billion rupees and as much as 17 billion rupees of existing shares sold by shareholders, including TPG and Norwest Venture Partners. The company plans to use the proceeds for future business needs such as lending and general corporate purposes. Live Events Kotak Mahindra Capital Co., Jefferies Financial Group Inc., Motilal Oswal Investment Advisors, and Nomura Holdings Inc. are acting as book-running lead managers for the deal.
