Srestha Finvest Ltd., a leader in financial solutions, has announced that its board has approved the Raising of funds by way of issuance of equity shares for an aggregate amount
not exceeding Rs.100 Crores subject to the receipt of the necessary approvals including the approval of the members of the Company and other regulatory / statutory approvals.
The board further approved issue upto 93 Cr Convertible at issue price of Rs. 1.05 per warrant to the Investors on preferential basis, subject to Shareholders and other necessary approvals;
Earlier, the company announced that its board has approved Raising of funds by way of issuance of such number of equity shares having face value of Re.1/- each for an aggregate amount up to Rs.200 Crores by way of QIP issue, subject to the receipt of the necessary approvals including the approval of the members of the Company and other regulatory / statutory approvals, as may be required.