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Arman Financial Services soars on raising Rs 115.05 crore via CCDs, OCRPS

29 Sep 2022 Evaluate

Arman Financial Services is currently trading at Rs. 1324.00, up by 28.40 points or 2.19% from its previous closing of Rs. 1295.60 on the BSE.

The scrip opened at Rs. 1328.40 and has touched a high and low of Rs. 1338.95 and Rs. 1313.60 respectively. So far 491 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1565.00 on 20-Sep-2022 and a 52 week low of Rs. 679.25 on 25-Jan-2022.

Last one week high and low of the scrip stood at Rs. 1465.10 and Rs. 1283.00 respectively. The current market cap of the company is Rs. 1129.01 crore.

The promoters holding in the company stood at 27.39%, while Institutions and Non-Institutions held 5.61% and 67.00% respectively.

Arman Financial Services has raised Rs 115.05 crore through allotment of CCDs and OCRPS to marquee investors on a preferential basis. The company has allotted 6,24,388 Unsecured Compulsorily Convertible Debentures (CCDs) on preferential basis to investors belonging to non-promoter category. The total amount raised is approximately Rs 76.80 crore. Some of the marquee investors include fund(s) controlled by Singapore based Sixteenth Street Capital and USA based Seven Canyons Advisors. Other investors include both domestic and foreign individuals.

The company has also allotted 3,10,972 Optionally Convertible Redeemable Preference Shares (OCRPS) on preferential basis belonging to non-promoter category. The total amount raised is approximately Rs 38.25 crore. The investors include a mix of individuals and family offices.

Arman Financial Services is Category ‘A’ Non-Banking Finance Company (NBFC), which provides lending services primarily in the Two-Wheeler, Micro-Enterprise (MSME), and Microfinance segment.

Arman Financial Serv Share Price

1552.95 1.10 (0.07%)
17-Apr-2026 16:59 View Price Chart
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