Indiaco Ventures to raise over Rs one cr
Indiaco Ventures on Wednesday said it plans to raise more than Rs one crore through issue of equity shares on a preferential basis.
By Agencies |
MUMBAI: Indiaco Ventures on Wednesday said it plans to raise more than Rs one crore through issue of equity shares on a preferential basis.
In a filing to the Bombay Stock Exchange, the company said it would consider issuance of 11,221 equity shares of Rs 10 each at a price of Rs 950 to Jabali Finance Company.
Further, the firm intends to form 'Indiaco Asset Management Company Ltd' (IAMC) which would provide Asset Management services to Indiaco group companies and other external entities after complying with all the necessary legal formalities.
In afternoon trade, share of the firm were trading at Rs 481.50, up 4.99 per cent on the BSE.
In a filing to the Bombay Stock Exchange, the company said it would consider issuance of 11,221 equity shares of Rs 10 each at a price of Rs 950 to Jabali Finance Company.
Further, the firm intends to form 'Indiaco Asset Management Company Ltd' (IAMC) which would provide Asset Management services to Indiaco group companies and other external entities after complying with all the necessary legal formalities.
In afternoon trade, share of the firm were trading at Rs 481.50, up 4.99 per cent on the BSE.
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