Veefin Solutions has got in-principal approval from the Bombay Stock Exchange (BSE) for raising funds through the preferential issue route. The issue size to the tune of Rs 48 crore will be via mix of issuance of equity shares to non-promoters and convertible warrants to promoters on preferential basis.
The company is proposing to issue 13,85,600 equity shares of Rs 10 each and 420,000 warrants convertible into 420,000 equity shares of Rs 10 each at a price not less than Rs 267.50 to non-promoters & promoters respectively by way of preferential issue. The funds raised through the preferential issue will be utilized for the expenditure on global sales & marketing and development of new products.
Veefin Solutions is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai.
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