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Veritas Finance Seeks to Raise ₹2,800 Crore through IPO, Files Draft Papers with SEBI

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Veritas Finance has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹2,800 crore through an initial public offering (IPO). The IPO includes a fresh issue of equity shares worth ₹600 crore and an offer-for-sale (OFS) of ₹2,200 crore by investors and individual selling shareholders. This move is aimed at mobilizing funds for business expansion and growth. The IPO is expected to provide a significant boost to the company's financial landscape, enabling it to capitalize on emerging opportunities in the finance sector, including digital payments and financial technology, and enhance its market presence.