Ujjivan Small Finance Bank is planning an initial public offering to raise Rs 1,200 crore. The company on August 16 filed a draft red herring prospectus with SEBI. “Ujjivan Small Finance Bank is proposing to undertake an initial public offering of equity shares of face value of Rs 10 each, comprising a fresh issue of equity shares by bank aggregating up …

A Right to Information (RTI) query has revealed that Prime Minister Narendra Modi and his Council of Ministers incurred an expenditure of Rs 393 crore on foreign and domestic travel in last five fiscal years. City-based RTI activist Anil Galgali had filed an RTI query with the PMO seeking the total Foreign Travel Expenses (FTE) and Domestic Travel Expenses (DTE) …

Aye Finance, a CapitalG-backed fintech lender to the MSMEs said on Tuesday that it had reached ₹1,000 crore Asset Under Management (AUM) milestone within five years of inception. CapitalG, earlier known as Google Capital, is the late-stage growth venture capital fund that helps companies grow faster with the support of Google’s resources. Started in 2014, the lender has disbursed ₹1,700 crore to …

Delhi-based MSME lending platform Aye Finance has raised Rs 25 crore from Hinduja Leyland Finance and Intellegrow. This is the second securitisation deal for the company. Last year it had raised Rs 10 crore by securitising part of its portfolio. Sanjay Sharma, Founder and Managing Director Aye Finance said, “The loan requirements of these businesses ranges between Rs 50,000 and Rs 5 lakh, …