27
Aug
#SKFinance #IPOUpdate #TPG #NBFC #IndianMarkets #FinanceNews #IPOMarket #PrivateEquity #CapitalMarkets #InvestorSentiment Mumbai: In a significant setback for the non-banking financial company (NBFC) space, SK Finance Ltd, backed by global private equity giant TPG, has reportedly decided to shelve its much-anticipated ₹2,000+ crore initial public offering (IPO) after weak investor demand. Despite attempts to sweeten the offer by lowering its valuation and trimming the size of the issue, the IPO failed to attract sufficient interest, reflecting broader concerns in India’s capital markets and the lending sector. IPO Plan and Shelving Decision According to sources familiar with the matter, SK Finance had sought…