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    Diksha D Jadhav in News

    21-Nov-2022 09:13 AM


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    Five Star Business Finance Stock Makes Weak Debut, Down 5%

    For the IPO, the firm had fixed the price band at Rs 450-Rs 474 per share.(Representational) Shares of Five Star Business Finance today made a tepid market debut, listing with a discount of 5 per cent, against the issue price of Rs 474.
    It later bounced back and was trading at Rs 482.95, higher by 1.88 per cent.
    The IPO was entirely an Offer-For-Sale (OFS) of shares to the tune of Rs 1,960 crore by existing shareholders and promoter group entities.
    The Chennai-based Non-Banking Financial Company (NBFC) is backed by investors like TPG, Matrix Partners, Norwest Ventures, Sequoia and KKR.
    Source: NDTV
    #Finance