India's 5Paisa Capital surges after co approves capital raise

5Paisa Capital

15/04/2021 07:40

** Online financial services provider 5Paisa Capital
 PAIS.NS  jumps ~20% to 350.40 rupees, highest since Jan. 14
    ** The stock broker approved https://www.bseindia.com/xml-data/corpfiling/AttachLive/28f368f0-704b-40a8-bc36-8f1454214937.pdf
 capital raise of 2.51 billion rupees ($33.39 million) via
preferential issue of equity shares and warrants at 500 rupees
per share late on Tuesday
    ** Issue price is at a premium of over 70% to Tuesday's
closing price of 292 rupees per share; Indian bourses were
closed on Wednesday for a local holiday
    ** On Thursday, stock was on track to record its best
intra-day session ever
    ** Around 225,582 shares change hands by 0620 GMT, vs 30-day
avg of 36,365 shares
    ** As of last close, stock down nearly 3% so far this year


($1 = 75.1760 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; 910867497919;))