Stocks

Fund-raising plans of Arman Fin in focus

| Updated on December 12, 2019 Published on December 13, 2019

 

The board of Arman Financial Services on Thursday approved fund-raising options through one or more qualified institutional placement of equity shares, compulsorily convertible debentures/other convertible securities/warrants or a combination thereof, for an amount of ₹125 crore. However, the decision is subject to approval by shareholders and other statutory approvals, it said. Shareholders will closely monitor the mode of fund-raising.

Published on December 13, 2019
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