TPG-backed SK Finance to Launch Scaled-down IPO in India Next Week

SK Finance Ltd., backed by TPG Inc., is set to launch an IPO in India with a reduced size of around 16 billion rupees ($182 million). The IPO was initially planned to fetch 22 billion rupees. The company plans to use the proceeds for future business needs such as lending and general corporate purposes. Kotak Mahindra Capital Co., Jefferies Financial Group Inc., Motilal Oswal Investment Advisors, and Nomura Holdings Inc. are the book-running lead managers for the deal.