Share India Securities Approves Raising Funds Via FCCBs Up To USD 50 Million
Share India Securities Limited announced that its Members, at the 1st Extra-Ordinary General Meeting (EGM) for the financial year 2025-26 held on December 17, 2025, have approved a special resolution ...
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Why is Share India Securities Limited in the news today?
Share India Securities Limited (SHAREINDIA) is in the news due to the company received approval to raise funds through fccbs, which indicates a positive step for growth and expansion.
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Share India Securities Approves Raising Funds Via FCCBs Up To USD 50 Million
December 18, 2025, 11:58 AM
Share India Securities Limited announced that its Members, at the 1st Extra-Ordinary General Meeting (EGM) for the financial year 2025-26 held on December 17, 2025, have approved a special resolution to raise funds.
The company plans to issue Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount not exceeding USD 50 Million (approximately ₹416 crore), which can be raised in one or more tranches. The terms and conditions of these FCCBs will be determined by the Finance Committee at the time of issuance.
The EGM commenced at 04:30 p.m. and concluded at 04:47 p.m. The voting results and the Scrutiniser's Report have already been submitted to the stock exchanges.
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