BharatFinancial Inclusion Ltd. opened an for new shares to raise up to 7.5billion Indian rupees.
The company is offering the shares for 740 rupees to 770rupees per share, Reuters reported Sept. 22, citing IFR.
Credit Suisse, Kotak Mahindra, Motilal Oswal and YesSecurities were the arrangers for the share sale, the publication reported.
Meanwhile, the company issued commercial papers amounting to1 billion rupees, according to a separate Sept. 22 release.
The company's aggregate commercial papers outstanding isworth 4.5 billion rupees.
As of Sept. 22, US$1was equivalent to 66.57 Indian rupees.