New Delhi: Non-banking finance company (NBFC) Five Star Business Finance (FSBFL) is planning to raise capital via initial stake sale. It has filed its draft red herring prospectus (DRHP) with capital market regulator Sebi.

The NBFC is looking at a valuation of more than $3 billion. Five Star Business Finance



Non-banking financial company (NBFC) Five Star Business Finance Ltd, which is backed by private equity firms Sequoia Capital and KKR, is readying to file draft papers for an initial public offering (IPO).

The Chennai-headquartered small business lender plans to raise $400 million (more than 2,900 crore) through