Category: Banks/NBFC’s

  • Fidelity, HDFC Mutual eye India’s Five Star IPO at lower valuation

    Fidelity, HDFC Mutual eye India’s Five Star IPO at lower valuation

    Indian non-banking finance company Five Star Business Finance is planning to make its stock market debut within weeks, with anchor investors including Fidelity Investments in talks to subscribe to the issue at a valuation 27% below the company’s last fund raise, three sources said. Backed by U.S. investors such as KKR & Co and Sequoia…