The unlisted shares of Fino Paytech soared about 20 per cent to Rs 380-400 in the unlisted market within hours of the Sebi nod.

Fino PayTech is eyeing to raise about Rs 74.75 crore by issuing 29,66,470 crore equity shares to eligible shareholders via a rights issue.

The RBI gave out 10 small finance bank licences mostly to micro finance institutions including Utkarsh Micro Finance, Ujjivan and Au Financ...