Image Source : Gujarati News
Sunshine Capital Ltd is set to explore entry into the microfinance and smallformat lending space, targeting underserved and aspirational borrowers. The move aligns with its mission to foster inclusive financial access and empower rural and selfemployed segments.
Key Highlights:
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Board to consider microfinance segment entry, subject to RBI and regulatory approvals
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Focus on scalable lending programs tailored for microenterprises and rural borrowers
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Plans to unify corporate identity across retailcentric verticals for brand cohesion
Capital Strategy:
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Fundraising options under review include equity issuance and convertible instruments
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Potential routes: QIP, FCCBs, ADRs, GDRs, rights issue, preferential allotment, and private placement
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Proceeds likely to support expansion, tech integration, and lending operations
Market Buzz:
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Stock hit upper circuit ahead of board meeting, reflecting investor optimism
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Market cap stands at Rs 167.33 crore with volume surging 1.75x
Sources: BSE India, Economic Times, Business Standard, Rediff MoneyWiz, Dalal Street Investment Journal.
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