SRG Housing Finance Ltd. to Raise Funds Up to Rs. 100 Crores

SRG Housing Finance Ltd. has announced a board meeting on June 3, 2024, to consider and approve a proposal for raising funds. The company plans to issue equity shares or other eligible securities through permissible modes, including private placement, qualified institutions placement, preferential issue, or any other method. The proposed fundraising amount is not exceeding Rs. 100 Crores, subject to regulatory/statutory approvals and shareholder approval. The company also intends to increase its authorized share capital. Additionally, the trading window for dealing in securities of the company will be closed from May 30, 2024, till 48 hours after the conclusion of the meeting on June 3, 2024, in accordance with the Company's Code of Conduct for Prohibition of Insider Trading.