| Rossell Techsys announced that its Board of Directors has approved a fundraise of up to Rs 300 crore. The capital will be raised through the issuance and allotment of fully paid-up equity shares and/or other eligible securities, including through a Qualified Institutions Placement
(QIP), in accordance with applicable law.
Commenting on the announcement, Rishab Gupta, Managing Director, Rossell Techsys, said: “This capital infusion will support the Company's growth and capability expansion plans and strengthen our financial position, enabling us to continue building scale and serving our customers with excellence. We remain focused on prudent capital deployment and long-term value creation for all stakeholders.” |