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MUMBAI: 5paisa Capital, a discount broker, said on Tuesday it will raise Rs 250 crore by allotting shares and warrants on a preferential basis to institutional shareholders and promoters. The proposed investors for preferential allotment include Prem Watsa s Fairfax, one of the co-promoters of the brokerage, Hong Kong-based Ward Ferry, and Rimco. Promoters Nirmal Jain, Madhu Jain and R Venkataraman are subscribing to the warrants. The shares and warrants will be sold at Rs 500 per share, about 70% premium to Tuesday’s closing price of Rs 291.40. 5paisa Capital is one of the fastest growing discount broking companies in India with more than 1.3 million customers and 6.5 million mobile app users. The company offers broking, mutual funds, insurance, peer-to-peer lending, international stocks, gold investing and margin funding as part of its product bouquet. 5paisa.com had reported an income of Rs 144.7 crore for the first nine months of the financial year 2021, up 98% ....
How the Richest Person in Each State Made Their Fortune By Paul Feinstein, Stacker News On 3/11/21 at 6:30 PM EST Phillip Faraone / Getty Images for WIRED25 Whether it s a hedge-fund billionaire, tech giant, industrial titan, or someone simply born into the right family, the wealthiest people in every state each have their own stories. In today s political climate, the super-rich have plenty of influence over our political process, from lobbying members of the government and contributing to presidential bids to running ad campaigns in favor of specific causes. To figure out who s on top of each state s rich list, Forbes tracks groups of billionaires (or centimillionaires in states with no billionaires) and updates their findings annually. Stacker analyzed this data to compile a list of the uber-wealthy and then broke down how each person earned their fortune. This list accounts for individuals wealth as of June 26, 2019, but keep in mind the tides of fo ....
Temas Resources Announces Closing of $1 Million Flow-Through Financing at $1.00 per Share acrofan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from acrofan.com Daily Mail and Mail on Sunday newspapers.