Srestha Finvest Ltd.(BSE: 539217), a leader in financial solutions, has announced that its board will meet on August 19, 2024 to consider funds raising by way of issue of equity shares/convertible instruments/other securities through preferential allotment, right issue, QIP’s, ADR GDR, FCCB, subject to member and other necessary approvals. It will further consider to appoint requisite professionals, experts, merchant bankers, legal advisors and other intermediaries for fund raising
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.