The Board of Arman Financial Services at its meeting held on 14 August 2022 has approved fund raising through one or more qualified institutional placement of equity shares, compulsory convertible debentures / other convertible securities / warrants or a combination thereof for an aggregate amount of Rs 150 crore. The Board also approved fund raising option through issuance of non-convertible debenture in one or more tranches on a private placement basis for an aggregate amount of Rs 300 crore subject to the approval of shareholders in the ensuing AGM and/or other regulatory/statutory approvals. Powered by Capital Market – Live News
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