Monarch Networth Capital raises Rs 300 crore through preferential share allotment for strategic business expansion.
Monarch Networth Capital, an Indian financial services firm, announced a Rs 300 crore fund raise through a preferential share allotment at Rs 560 per share. The company also approved a 1:1 bonus share issue. The new funds will be utilized for strategic initiatives across its diverse business verticals, including launching a portfolio management service offering, scaling its margin trading book, and underwriting IPOs.
July 28, 2024
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