5paisa Capital Limited to raise Rs. 900 crore through equity issue

The Board of Directors of 5paisa Capital Limited at their meeting held on Thursday, September 03, 2020 has considered and approved raising of further capital by issuance of securities through one or more modes. The board approved seeking approval from members through the postal ballot for raising funds not exceeding Rs. 900 crore, through issuance of equity shares along with warrants or any other security, whether secured/unsecured or listed/unlisted, or a combination thereof, either through Preferential Allotment, Qualified Institutional Placement, Issue of Warrants or any other modes to persons who are eligible to acquire securities in one or more tranches in accordance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (hereinafter referred to as "ICDR Regulations"), the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, each as amended as well as other applicable regulations, subject to other consents / sanctions / approvals from any concerned regulators / authorities / Exchanges, as may be required.

The board also approved enabling resolutions for raising funds through issue of Non-Convertible Debentures on a Private Placement basis, upto a limit of Rs 250 Crores, subject to the approval of the members through postal ballot.

Shares of 5paisa Capital Ltd was last trading in BSE at Rs.378.85 as compared to the previous close of Rs. 362.55. The total number of shares traded during the day was 2877 in over 135 trades.

The stock hit an intraday high of Rs. 380.65 and intraday low of 345.05. The net turnover during the day was Rs. 1070235.

Source : Equity Bulls

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