By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Palghar NewsPalghar NewsPalghar News
Notification Show More
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
Reading: Emerald Finance to Raise Rs.15 Crore via Preferential Allotment – World News Network
Share
Palghar NewsPalghar News
Font ResizerAa
Search
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Palghar News > Blog > Business > Emerald Finance to Raise Rs.15 Crore via Preferential Allotment – World News Network
Business

Emerald Finance to Raise Rs.15 Crore via Preferential Allotment – World News Network

worldnewsnetwork
Last updated: March 3, 2025 12:00 am
worldnewsnetwork
Share
3 Min Read
SHARE

PNN
Mumbai (Maharashtra) [India], March 3: Emerald Finance Limited (BSE: EMERALD), is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA)in India, has announced the issuance of equity shares through a preferential allotment and the convening of an EGM on March 25, 2025 to seek shareholder approval for the proposed capital infusion.
The Board of Directors, in its meeting held on March 1, 2025, approved the issuance of up to 1,148,900 equity shares at a price of Rs.131 per share, comprising a face value of Rs.10 and a premium of Rs.121 per share. This preferential allotment is expected to raise approximately Rs.15.05 crore, which will be utilized for business expansion, enhancement of the EWA program, onward lending, repayment of loans, and general corporate purposes.
Among the key investors, BAYA PTE Ltd, Singapore is participating through its Indian subsidiary BAYA Finserve Technologies Pvt Ltd. Additionally, Saint Capital Mauritius is also part of the preferential allotment, further strengthening the company’s investor base.
Commenting on this Sanjay Aggarwal, Managing Director of Emerald Finance Limited said, “This capital infusion will enable us to expand our EWA program and strengthen our financial offerings. With the support of esteemed investors like BAYA PTE Ltd and Saint Capital Fund, we are well-positioned to accelerate our mission of providing innovative and accessible financial solutions to individuals and businesses across India.
The funds that will be raised through this preferential issue will be strategically deployed to scale our operations, enhance our technology-driven lending platform, and optimize our capital structure. As we continue to expand our footprint, we remain committed to driving financial inclusion, improving liquidity access for employees, and delivering long-term value”
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Government restores remission of duties and taxes on exported products effective June 1 – World News Network

Union Defence Minister approves AMCA programme execution model to boost indigenous aerospace industry – World News Network

BGMI Drops Final Set of Exclusive Redeem Codes of the Season. Grab Now – World News Network

Foreign stake in ‘YES BANK’ could pave way for more foreign participation in Indian banks: Fitch Ratings – World News Network

NoScope Gaming and Techno India University brings the National Finals of University Esports Championship 2025 to Kolkata – World News Network

Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Pakistan: Baloch activist condemns state violence on protesters – World News Network
Next Article “Lad lenge, meri family aur mujhe apni prayers mein rakhna”: Ashish Chanchlani shares emotional video amid India’s Got Latent row – World News Network
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

- Advertisement -

Latest News

International Film City project in UP moves forward as producer Boney Kapoor submits layout plan – World News Network
Entertainment May 27, 2025
Akshay Kumar opens up about his love for Charlie Chaplin, shows his photograph in his wallet – World News Network
Entertainment May 27, 2025
‘His Story of Itihaas’ features Physics teacher battling ‘inaccuracies’ in history books; movie to hit theatres on this day – World News Network
Entertainment May 27, 2025
Billy Ray Cyrus calls Elizabeth Hurley his “beautiful girlfriend” in BTS glimpse of their red carpet debut – World News Network
Entertainment May 27, 2025

Sports

Yoell van Nieff and Jeremy Manzorro’s journey ends with Mumbai City FC – World News Network
Sports
“Playing under him is one of the best things that has happened to me”: Shashank Singh praises Shreyas Iyer’s leadership after PBKS seal top-two finish – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • National
  • Science
  • Sports
  • Tech
  • Videos
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Press Release
  • Press Release Distribution Packages

Entertainment

Director Alexander Rodnyansky to return with his new documentary ‘Notes of a True Criminal’ – World News Network
Entertainment
Harshvardhan Rane, Sonam Bajwa’s intense first look from ‘Ek Deewane Ki Deewaniyat’ unveiled – World News Network
Entertainment
Palghar NewsPalghar News
Follow US
Copyright © 2023 World News Network. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?