Srestha Finvest Ltd., a leader in financial solutions, has announced that its board will meet on July 31, 2024 to consider the Sub-division of the equity shares of the Company in 1:2 ratio, i.e. sub division of equity shares of face Value of Rs.2 into equity shares of face value of Rs. 1.
Recently, the company announced that in continuation of existing business arrangement between Srestha Finvest Ltd. (Srestha) and Felix Industries Ltd. (Felix) have yet again joined hands through the signing of a Facility Agreement aimed at advancing renewable energy and sustainability initiatives where in Srestha would extend further towards lending in renewable energy and clean water related projects aimed at sustainable development.
Through this fresh agreement, Felix shall secure funding for capital work of plant installation for the order procured by Felix with Aarti Industries Ltd for renewable energy, clean water and water recycle related project for the tune of about Rs.50 million in total to be funded in two phases. With a aim to further provide robust financial support to a diverse in to Renewable Energy and water segment, fostering sustainability and marking a significant move towards Green Environment and sustainable projects this arrangement would strengthen the financial support to Felix.
Earlier, the company announced that it has joined hands with Felix Industries Ltd. (Felix) through the signing of a Facility Agreement aimed at advancing renewable energy and sustainability initiatives. The Facility Agreement comprises various provisions aimed at enhancing support for Renewable Energy and sustainability related projects. Srestha will fund Rs. 250 million for targeting the above mission in next 1-2 years and also expand its footprint in new technology sectors.