Harmony Capital Services Ltd has approved a fundraise of ₹91.3 million through the issuance of equity shares. The capital infusion aims to support the company’s growth initiatives and strengthen its financial position. The board’s decision reflects a strategic move to enhance shareholder value and operational capacity.
Harmony Capital Services Ltd has announced board approval for raising up to ₹91.3 million by issuing equity shares. The move is part of the company’s broader strategy to bolster its capital base and fund future expansion plans. The equity issuance will be executed in compliance with regulatory norms and shareholder approvals where applicable.
The company, engaged in financial services and investment advisory, aims to utilize the proceeds to enhance its operational capabilities, improve liquidity, and explore new business opportunities. The board’s resolution signals confidence in the company’s growth trajectory and commitment to long-term value creation.
Key highlights from the announcement include
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The board has approved raising ₹91.3 million through equity share issuance.
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The capital will be used to support business expansion, operational strengthening, and liquidity enhancement.
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The issuance will be carried out in accordance with SEBI regulations and other applicable laws.
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The move is expected to improve the company’s capital adequacy and financial flexibility.
Management views the fundraise as a proactive step to position the company for future growth.
Sources: BSE Corporate Filings, Business Standard, Moneycontrol.