CSB Bank files for Rs 400-cr IPO

Mumbai: CSB Bank, promoted by Canadian billionaire Prem Watsa, filed Friday for an initial public offer aimed at raising Rs 400 crore. The bank, formerly known as Catholic Syrian Bank, plans to raise Rs 30 crore by issuing fresh equity shares and the remaining Rs 370 crore from an offer for sale, people familiar with the issue said. “The issue will be a combination of fresh equity as well as an offer for sale from existing investors who have been shareholders for years and did not have a chance to…

ipo: Muthoot Microfin looking at listing in March

Mumbai: Muthoot Microfin, the micro finance arm of Muthoot Pappachan Group (MPG), may list in the local stock market as soon as mid-March, chairman Thomas John Muthoot said in an interview. The Rs 500-crore IPO together with another Rs 500-crore offer for sale for institutions will dilute the promoter stake in the company to 70 per cent from 86 per cent currently, Muthoot said. The company received a go ahead from the Securities and Exchange Board of India (Sebi) in October last year and will file an update red herring…