Board Meeting20 Oct 2026, 02:44 pm
Dhruva Capital to Raise Up to ₹160 Cr via QIP
AI Summary
Dhruva Capital Services Ltd announced that its Board of Directors has approved raising funds up to ₹160 Crores (Rupees One Hundred and Sixty Crores) through Qualified Institutions Placement (QIP). This decision follows shareholder approval for fund-raising and is in accordance with SEBI regulations. The QIP can be executed in one or more tranches. The board meeting commenced at 2:00 PM and concluded at 2:30 PM on October 20, 2026.
Key Highlights
- Board approved raising funds via Qualified Institutions Placement (QIP).
- Aggregate amount to be raised is up to ₹160 Crores.
- Fundraising to be done in one or more tranches.
- Decision follows prior shareholder approval for fund-raising.
- QIP to be executed in accordance with SEBI regulations.
Price Impact
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