U. Y. Fincorp to Raise ₹187.77 Crore via Warrants and Equity

U. Y. Fincorp Ltd announced its Board of Directors has approved a fundraise of up to ₹187.77 Crore through a preferential issue. This includes the issuance of up to 2,45,90,000 Convertible Equity Warrants at ₹24.40 per warrant, aggregating to ₹59.99 Crore, and up to 5,21,20,000 Equity Shares at ₹24.40 per share, aggregating to ₹127.77 Crore. The funds will be raised in one or more tranches, subject to shareholder and regulatory approvals. The company will also convene an Extraordinary General Meeting to approve these proposals.