In an exchange filing, the company said that its board will meet on 17 January 2024 to consider the proposal for raising of funds by way of issue of one or more instruments/ securities and determination of issue price thereof as may be permitted under applicable laws.

The fund raising is subject to such regulatory/ statutory approvals as may be required including the approval of the members of the company, it added.

RPSG Ventures to operates in the fields of information technology and allied services.

The company reported consolidated net loss of Rs 34.58 crore in Q2 FY24 as against a net loss of Rs 0.55 crore recorded in Q2 FY23. Revenue from operation grew by 5.1% YoY to Rs 1,788.50 crore during the quarter.