Hot Pursuit     10-Jan-24
Aurionpro board grants approval for raising funds up to Rs 650 crore via equity mode
Aurionpro Solutions said that its board has approved a proposal to raise funds via issue of equity securities for a sum not exceeding Rs 650 crore.
The instruments through which aforementioned fund raising would be executed include equity shares, convertible/ redeemable preference shares, fully/partially convertible debentures depository, or any other eligible securities by way of one or more public and/or private offerings including on a preferential allotment basis and/or a qualified institutions placement and/or rights issue and/or further public offering.

The announcement was made during market hours today.

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors.

The company's consolidated net profit rose 18.72% to Rs 31.58 crore on 4.22% increase in net sales to Rs 198.70 crore in Q1 FY24 over Q4 FY23.

The scrip rose 0.50% to currently trade at Rs 2426.95 on the BSE.

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