Small financing companies in India have become crucial to the financial ecosystem, offering microloans and credit services to underserved populations, including small businesses and rural customers. These companies focus on providing financial inclusion, supporting sectors like agriculture, retail, and micro-enterprises.
Notable players in this sector include Bajaj Finance, Muthoot Finance, and Shriram City Union Finance, which offer a range of products like personal loans, gold loans, and SME financing. The sector has witnessed significant growth due to a surge in demand for accessible credit, especially among India’s growing middle class. The government’s push for digital payments and financial inclusion has also fueled the boom, attracting more investors and creating expansion opportunities.
Share Price
The shares of Kairosoft Limited are trading at Rs. 288.55 up by 4.74% from its previous close of Rs. 275.5 as of November 29, 2024
Recent Updates
The Rights Issue Committee has approved raising funds through the issuance and allotment of fully paid-up equity shares in the ratio 10:1, each priced at Rs. 10. These shares will be offered to eligible equity shareholders on a Rights basis.
The specific terms, price, and ratio for the issuance will be determined by the Board or the Rights Issue Committee at a later date, based on the record date, which will be notified in due course.
The company plans to raise Rs. 20.00 crores through this rights issue. This decision is part of the company’s ongoing efforts to strengthen its financial position and support growth initiatives.
About the Company
Pankaj Piyush Trade & Investment Ltd, incorporated in 1982, is actively involved in trading shares and securities, fabric, and providing financing through loans. The company focuses on investing capital in a wide range of financial instruments, including shares, stocks, debentures, bonds, and securities, issued or guaranteed by companies, governments, or other entities both in India and abroad. In addition to its investment activities, the company also engages in the trading of fabrics, diversifying its business operations. Over the years, Pankaj Piyush Trade & Investment Ltd has established itself as a key player in these sectors, utilizing its expertise to offer value to shareholders and clients. The company remains committed to expanding its portfolio and financial services.
Conclusion
In conclusion, Pankaj Piyush Trade & Investment Ltd’s decision to raise funds through a rights issue demonstrates the company’s strategic approach to strengthening its financial position and supporting its growth initiatives.
As a small-cap financing company, this move could enable the firm to capitalize on the increasing demand for accessible credit and financial inclusion in the Indian market.
Written By: Dipangshu Kundu
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