RGF Capital Markets Ltd. Announces Increase in Authorized Capital, Share Purchase Agreement, and Warrant Issue

RGF Capital Markets Ltd. has announced an increase in its authorized capital from 15,50,00,000 to 70,00,00,000, subject to shareholder approval. The company has also entered into a share purchase agreement with several parties for the acquisition of 3,74,69,556 equity shares, representing 24.98% of the existing share capital. This acquisition will result in the acquirers becoming the promoters of the company and the sellers ceasing to be promoters. Additionally, the company plans to issue up to 50,00,00,000 equity warrants at ₹ 1/- per warrant on a preferential basis. These decisions are subject to necessary regulatory approvals, including from the Reserve Bank of India.