SRG Housing Finance Limited board approves fund raising proposal

The Board of Directors of SRG Housing Finance Limited at their meeting held today i.e. on Friday June 24, 2022 at the registered office of the Company i.e. 321, SM Lodha Complex, Near Shastri Circle, Udaipur, Rajasthan 313001 which commenced at 12:15 PM and concluded at 02:15 PM have considered and approved the recommendation to the members at ensuing Annual General Meeting for Issue of Equity Shares not exceeding 30,00,000 (Thirty Lakhs) equity shares by way of Further Public Issue and/or private offerings, and/or on preferential allotment and/or Right Issue and/or Qualified Institutions Placement (QIP) or any other permissible mode or combination thereof.

The recommendation to the members at ensuing Annual General Meeting for issuance of Non-Convertible Debentures/ Secured or Unsecured Redeemable Subordinated Debt - Tier-II NCDs/bonds upto an amount not exceeding Rs. 250 Crores.

Shares of SRG HOUSING FINANCE LTD. was last trading in BSE at Rs. 149.50 as compared to the previous close of Rs. 147.40. The total number of shares traded during the day was 1001 in over 8 trades.

The stock hit an intraday high of Rs. 149.95 and intraday low of 148.50. The net turnover during the day was Rs. 148826.00.

Source : Equity Bulls

Keywords

SRGHOUSINGFINANCE INE559N01010 FundRaising EquityShares NCDs