Fusion Micro Finance rises on planning to raise up to Rs 145 crore through NCDs
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Fusion Micro Finance is currently trading at Rs. 341.00, up by 3.90 points or 1.16% from its previous closing of Rs. 337.10 on the BSE.
The scrip opened at Rs. 338.10 and has touched a high and low of Rs. 348.55 and Rs. 338.10 respectively. So far 17602 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 364.35 on 15-Nov-2022 and a 52 week low of Rs. 321.40 on 15-Nov-2022.
Last one week high and low of the scrip stood at Rs. 348.55 and Rs. 327.70 respectively. The current market cap of the company is Rs. 3444.59 crore.
The promoters holding in the company stood at 7.62%, while Non-Institutions held 92.38% stake in the company.
Fusion Micro Finance is planning to raise aggregating up to Rs 145 crore by issue of Non-Convertible Debentures (NCDs) on private placement basis. The meeting of board of directors is scheduled to be held on November 28, 2022 to consider the same.
Fusion Micro Finance is a registered NBFC. Its focus is reaching out to unbanked and providing financial services to women entrepreneurs belonging to the economically and socially deprived section of the society.
