Regency Fincorp Board Approves ₹312 Cr Fundraise

Regency Fincorp Limited has received board approval for a fundraise of ₹312.15 crore through preferential issuance of equity shares and warrants. The issuance includes 1,42,66,412 equity shares at ₹50.50 per share (₹72.05 crore) and 4,75,46,030 convertible warrants at ₹50.50 per warrant (₹240.11 crore). The funds will support strategic acquisitions in digital lending and gold loans, strengthen the digital lending platform, and provide capital for MSME loans and general corporate purposes. Approximately ₹125 crore is earmarked for acquiring a digital lending platform company and ₹75 crore for a gold loan business company. The fundraise is subject to shareholder and regulatory approvals.