Stampede Capital, a non-bank liquidity solution provider, has approved fund raising via various options. It intends to raise capital up to USD 40 million and will issue 5 crore equity share warrants in the company. This will take the total authorised share capital of the company from Rs 34 crore to Rs 45 crore.
In an interview to CNBC-TV18, Venkat Meenavalli, Chairman of Stampede Capital says the company's promoters will be providing a loan of USD 5-6 million as a bridge capital and the same will used for the listing of its overseas arm.
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