NBFC Srestha Finvest to raise funds, sets date for board meeting

Non-banking fiscal institution (NBFC) Srestha Finvest has informed exchanges that its committee volition conscionable connected October 9, 2024. 

"Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the committee gathering is scheduled to beryllium held connected October 09, 2024, to consider...," the filing read.

The NBFC besides said that the trading model for dealing successful securities of the institution by the designated persons and their contiguous relatives shall beryllium closed from October 04, 2024, till 48 hours from the day of the decision of the committee meeting. 

Earlier, the institution approved a 1:2 banal divided i.e. each existing banal with Rs 2 look worth volition beryllium divided into 2 Re 1 look worth shares. 

"..approved and recommended for sub-division of Company’s 1 (One) Equity Share of Face Value of Rs. 2/- each into 2 (Two) Equity Shares of Face Value of Re. 1/- each held arsenic connected the Record day which shall beryllium decided for this purpose," the institution said successful an speech filing. 

The institution said that it is intended to heighten marketplace liquidity, broaden the shareholder base, and marque shares much accessible to tiny investors. 

The institution said the grounds day for finalising the eligible stockholders for the firm enactment volition beryllium declared later.