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Fibe parent files draft papers with Sebi for IPO; aims to garner Rs 750-cr via fresh issue
Digital lending platform Fibe's parent company, Social Worth Technologies, is set to launch an Initial Public Offering (IPO). The company aims to raise funds through a fresh issue of shares and an offer-for-sale by existing shareholders. Proceeds will bolster its subsidiary's lending capital. Fibe, leveraging AI and data science, has seen significant growth in its assets under management and profits, expanding its product offerings beyond personal loans.
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thehindubusinessline.com
TPG-backed digital lender Fibe files for IPO
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…
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economictimes.indiatimes.com
Digital lender Fibe files draft papers seeking to raise Rs 750 crore in fresh capital - The Economic Times
Digital lending firm Fibe has filed for an IPO, aiming to raise Rs 750 crore. The company's major investors are offloading shares in this public offering. Fibe reported robust…
