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Zerodha rival 5paisa to raise over INR 250 Cr through equity issue

Shortpedia

Content Team
Image Credit: Inc42

Online discount broker 5paisa.con has approved a capital raise of INR 250.87 Cr through a preferential issue of equity shares and warrants at INR 500 per share, which is a premium of over 70% to the company’s share’s closing price of INR 293 on the National Stock Exchange (NSE) on Tuesday. 5paisa.com has more than 1.3 Mn customers, 6.5 Mn mobile app users and is one of the fastest-growing discount broking companies in India