5Paisa Capital Shares Hit Upper Circuit On Fundraising Plan
Apr 15 2021, 11:00 AM
April 15 2021, 11:00 AM
April 15 2021, 11:00 AM
Shares of 5paisa Capital Ltd. hit an upper circuit after the discount brokerâs board approved a fundraising plan.The company will raise Rs 250.8 crore through preferential issue, according to an exchange filing. Equity shares and warrants will be issued at a price of Rs 500 apiece, a premium of over 70% to Tuesdayâs closing.The equity shares will be allotted to a set of marquee investors, while promoters and promoter group will be al.
Shares of 5paisa Capital Ltd. hit an upper circuit after the discount brokerâs board approved a fundraising plan.
5paisa Capital Board approves Fresh Capital Raise of Rs.2,508.70 million
Posted On: 2021-04-13 09:35:45 (Time Zone: Arizona, USA)
The Board of Directors of 5paisa Capital ( the Company ), India s only listed pure play discount broker today approved capital raise of Rs.2,508.7 million through a preferential issue of equity shares and warrants at Rs.500/- per share which is a premium of over 70% to today s closing price of Rs.292/- per share on NSE to a set of marquee investors and Promoters and Promoter Group. The preferential issue is subject to shareholder and other necessary approvals. The detail of the preferential issue is as follows: