Pune-based Social Worth Technologies, parent of Fibe, said it will issue new shares to raise up to ₹750 crore, while existing shareholders are looking to sell up to 40.1 million shares.
TPG’s The Rise Fund III, Fibe’s largest shareholder with a roughly 23% stake, along with Norwest Capital and Eight Roads Ventures, which own about 13% each, and Piramal Finance, with about 7%, are among investors selling part of their holdings in the IPO.
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istock.com
Digital lender Fibe has filed for an
Indian initial public offering, draft papers dated Monday
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