Shyamkamal Investments' Bold Move: ₹368.7 Million Fundraising Plan Signals Major Growth Strategy

Shyamkamal Investments Ltd has announced an ambitious plan to raise funds worth up to ₹368.7 million, marking a significant step in the company's growth strategy. This move comes as the company looks to capitalize on emerging opportunities in the financial sector. The Board of Directors is set to meet on February 25, 2025, to consider and approve an increase in the company's authorized share capital and explore fundraising options, including a preferential issue of equity shares or securities. This development has sparked investor interest, with the stock showing a 10.45% increase in recent trading. The fundraising initiative is expected to strengthen Shyamkamal's financial position and fuel its expansion plans in the competitive NBFC landscape.

 

Sources: BSE, Economic Times, IIFL Securities