Quint Digital Doubles Down: Major Fundraise and Ritu Kapur’s Reappointment Signal Bold New Era

Quint Digital Limited has been approved to raise up to ₹250 crore through the issue of equity shares and/or equity-linked securities through the process of Qualified Institutions Placement (QIP) by the board. The fund-raising, conditional to shareholder and regulatory approvals, is to strengthen the company's balance sheet and to fund its growth initiatives in the digital media space. The funds will be raised in one or more tranches based on market conditions and business needs.

 

Apart from the fundraising step, the board has also reappointed Ritu Kapur as Managing Director and Chief Executive Officer for a further period of three years. The reappointment of Kapur marks the board's faith in her leadership and vision for the company's next phase of development.

 

These moves indicate the seriousness of Quint Digital in bolstering its balance sheet and prioritizing long-term stakeholder value amid a fast-changing digital landscape.

 

Source: BSE India