Veeram Securities Eyes ₹400 Million via Rights Issue Amid Fundraising Push

Veeram Securities Ltd. is poised to raise up to 400 million through a rights issue, as approved by its Board of Directors on March 19, 2025. The move aims to bolster the company's financial position by issuing equity shares or other securities. This strategic step follows a recent interim dividend p...

Veeram Securities Ltd. is poised to raise up to 400 million through a rights issue, as approved by its Board of Directors on March 19, 2025. The move aims to bolster the company's financial position by issuing equity shares or other securities. This strategic step follows a recent interim dividend payout and aligns with SEBI regulations. The rights issue will offer existing shareholders the first opportunity to increase their stake, reflecting the company's growth ambitions and commitment to shareholder value. Source: BSE, Moneycontrol, Business Standard