360 One WAM board has approved a fundraise worth Rs 2,250 crore through a Qualified Institutions Placement (QIP) in one or more tranches, the company informed the shareholders through an exchange filing.
"A meeting of the board of directors was held today i.e. September 19, 2024, has, inter-alia, approved raising of funds by issue of such number of equity shares of the Company of face value Re. 1/- each, for an aggregate amount not exceeding Rs. 2,250 Crores," the company said in a statement.
360 One Wam Ltd (formerly known as IIFL Wealth Management Limited) share price traded under pressure in Thursday's trade to quote at Rs 1,061.25 per share on the NSE, down 1.85 percent.
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