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Secondary Issues

AU Small Finance Bank sets floor price for QIP; CEO Sanjay Agarwal to sell 75 lakh shares

Mint  

Jaipur-headquartered AU Small Finance Bank's promoter Sanjay Agarwal has announced to sell 75 lakh equity shares in the bank along with other promoters. The current shareholding of the promoters and promoter group is at 28.21 % and after completion of the sale, it will come down to 27.02%. The company has also approved a floor price of INR 590.84 per equity share for the QIP.