Continental Securities plans fresh capital raise to fund expansion

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New Delhi, Sep 9 (PTI) Continental Securities proposed another fundraising exercise through issuance of equity shares and securities convertible into equity to support its future business expansion, the company said on Wednesday.

The size, pricing, and other terms of the proposed issue will be decided by the company’s board at a later stage, subject to applicable approvals, RBI-registered NBFC firm Continental Securities said.

The funds will support expansion of its mutual fund and gold loan businesses, besides establishing additional branches in Jaipur. The company has a strategic target of Rs 100 crore in mutual fund assets under management, while evaluating future opportunities in PMS and AIF businesses, it added.

* * * * Fly-Hi Maritime Travels

becomes 770th company to list on BSE SME platfor.

*The City-based Fly-Hi Maritime Travels became the 770th company to get listed on the BSE SME platform, leading stock exchange BSE said in a statement.

Incorporated in 2021, the company provides end-to-end travel management solutions for crew members of commercial shipping companies, including air ticketing, visa support, and ground transportation.

Its initial share sale comprised a fresh issue of 41.6 lakh equity shares and an offer-for-sale of 9.99 lakh shares at Rs 102 apiece, aggregating Rs 52.6 crore. The issue closed on September 3.

***** BSE cautions investors against dealing with Innovista Software Solutions *The BSE has cautioned investors against Innovista Software Solutions for allegedly offering unauthorised trading services and soliciting funds from investors without valid registration as a research analyst or investment adviser.

The exchange said Innovista Software Solutions is neither its registered member nor an authorised person of any BSE member.

BSE advised investors against schemes promising assured or guaranteed returns and sharing trading credentials, saying participation in such schemes would be at their own risk, it added. PTI HG MR