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5paisa Capital board approves fresh capital raise of Rs 250 crore ANI | Updated: Apr 14, 2021 16:47 IST Mumbai (Maharashtra) [India], Apr 14 (ANI): The board of directors at 5paisa Capital has approved capital raise of Rs 250.8 crore through a preferential issue of equity shares and warrants at Rs 500 per share which is a premium of over 70 per cent at the current price of Rs 292. The online platform said the sale will be to a set of marquee investors and promoters besides the promoter group. The preferential issue is subject to shareholder and other necessary approvals. The business has been witnessing rapid growth with total income of over Rs 140 crore for nine months of FY21, up 98 per cent year-on-year.

Prakarsh gagdaniAssociation of mutual fundsExchange board of indiaExecutive officer prakarsh gagdaniExchange boardMutual funds5paisa capitalCapital raisePreferential issueQuity shares and warrantsHief executive officer prakarsh gagdaniArquee investors and promotersசங்கம் ஆஃப் பரஸ்பர நிதிபரிமாற்றம் பலகை ஆஃப் இந்தியாபரிமாற்றம் பலகைபரஸ்பர நிதி