SRG Housing Finance Limited to raise up to Rs. 100 crores

The Board of Directors of SRG Housing Finance Limited at its Meeting held on Monday, June 03, 2024 has, considered and approved the enabling resolution for raising of funds by issue of equity shares for an aggregate amount not exceeding Rs. 100 crores through private placement or qualified institutions placement (QIP) or preferential allotment or through a combination thereof or any other alternative mode, as may be considered appropriate, subject to approval of the shareholders and government / regulatory / statutory approvals, and requirements, as applicable.

The existing Authorised Share Capital be increased from Rs.16 Crores divided into 1,60,00,000 Equity Shares of Rs. 10 each to Rs. 20 crores divided into 2,00,00,000 equity Shares of Rs. 10 each and thereby consequent alteration to the Memorandum of Association of the Company, subject to approval of shareholders of the Company and government/regulatory/statutory approvals, and requirements, as applicable.

Shares of SRG HOUSING FINANCE LTD. was last trading in BSE at Rs. 283.40 as compared to the previous close of Rs. 280.90. The total number of shares traded during the day was 294 in over 61 trades.

The stock hit an intraday high of Rs. 290.00 and intraday low of 282.60. The net turnover during the day was Rs. 84203.00.

Source : Equity Bulls

Keywords

SRGHOUSINGFINANCE INE559N01010 FundRaising PrivatePlacement