
Penny stock below ₹1: This NBFC share may be in focus on Monday; here’s why
Live MintPenny stock Srestha Finvest is likely to draw investor attention on Monday, November 11, after the company announced it held an extraordinary general meeting on Friday, November 8, to approve a special resolution for raising capital through a QIP. Srestha Finvest fundraising news On October 9, the company's board of directors approved raising funds by issuing equity shares with a face value of ₹1 each, amounting to a total of ₹100 crore through a Qualified Institutional Placement. The company's board also approved the issuance of up to 93 crore equity shares with a face value of ₹1 each at an issue price of ₹1.05, which includes a premium of ₹0.05 per share. Srestha Finvest share price trend The penny stock has seen tepid gains this year, rising 11.5 per cent.
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Penny stock in focus after THIS business expansion update
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