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Angel One has raised ₹1,500 crore by means of certified institutional placement (QIP). The entire paid-up fairness shares submit allotment have been 89,879,006, issued at a flooring worth of ₹2,555.01 per fairness share, with a face worth of ₹10 every.
- Additionally learn: Angel One Q3 consolidated internet up 14% at ₹260 cr; to pay third interim dividend of ₹12.7 per share
The quantity can be utilised to fund the working capital necessities.
Dinesh Thakkar, Chairman and Managing Director of the corporate, mentioned, “The profitable completion of this QIP marks a major milestone in our journey, as we capitalise the enterprise for its future progress trajectory, thus strengthening our place within the business. We’re witnessing steady engagement of Indian retail buyers, as evidenced in our efficiency metrics. Key indicators akin to gross shopper acquisition, variety of orders, common day by day turnover, turnover market share and monetary efficiency are persistently creating newer benchmarks.”
Angel One inventory declined 2.13 per cent on the NSE, buying and selling at ₹2,955.70 as of two.05 pm.
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