Fino Payments Bank Receives Sebi Approval For IPO

Fino Payments Bank has received nod from Sebi for its initial public offering (IPO). The fintech company's public issue will include a fresh issue of Rs 300 crore and an offer for sale of up to 1,56,02,999 shares by the promoter, Fino Paytech, according to draft red herring prospectus filed with the market regulator.