In furtherance to the Objects of the Initial Public Offer (‘IPO’) as per the prospectus of the Company and pursuant to Regulation 30 read with Schedule III of the Listing Regulations, as amended from time to time, Nisus Finance Services Co has informed that the Company is making an investment of Rs 24,99,99,988/- in Nisus Fincorp by acquiring/subscribing 89,28,571 Compulsorily Convertible Preference Shares (‘CCPS’) of INR 28/- per share through preferential allotment on a private placement basis. The details required under Regulation 30 of the Listing Regulations read with SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure A.
The above information is a part of company’s filings submitted to BSE.
