Arohan Financial Files for IPO to Raise 6 Billion Rupees
Arohan Financial filed for an IPO to raise 6 billion rupees. Investors will also sell 40.4 million shares to boost capital after RBI lifted lending curbs.
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Arohan Financial Services filed for an IPO in India to raise 6 billion rupees ($62 million) through new share issuance. The filing follows the removal of Reserve Bank of India lending restrictions previously imposed for high markups. Investors will gauge appetite for Indian non-bank lenders as profit margins face pressure from rising operational expenses.
