Chennai-headquartered Srestha Finvest Ltd, a leader in financial solutions, will be coming out with a rights issue to raise funds up to Rs 49 crore. The board of directors has already approved the rights issue and will soon decide the terms and conditions of the issue. At the same time, the board has also approved an increase in the authorized share capital of the company from Rs 117,00,00,000 comprising o 58,50,00,000 equity shares of the face value of Rs 2 per share, to 167,00,00,000 comprising 83,50,00,000 shares.

leading player in the field of financial solutions. It is a category B non-systematically important, non-deposit taking, non-banking finance company (NBFC), and investment and credit company. It offers comprehensive solutions to both invididuals and businesses.

In an Indian financial landscape predominantly reliant on traditional financing avenues, Srestha Finvest recognizes the gaps that stem from a lack of specialized players in the sector. The company, observing the absence of structured financial solutions, limited skill sets, and regulatory constraints that restrict tailored offerings from financial institutions, discerns an opportunity to innovate and deliver customized solutions. Focusing on the Lending Business segment, Srestha Finvest is committed to providing specialized and comprehensive solutions to both Indian corporates and individuals, nurturing and empowering their growth endeavors.

CASH-STRONG

The company prioritizes structured credit products supported by robust cash flows, ensuring a secure and high-quality wholesale lending portfolio. Within the Wholesale Lending Business, the company facilitates diverse credit solutions encompassing project funding, mezzanine financing, acquisition financing, bridge financing, working capital requirements, and personal finance, among others.

Besides lending, the company also invests and trades stocks and shares. These investments are made with both strategic intent and trade purposes, aligning with the company’s goal to evolve its business model towards bespoke product offerings for its clientele soon. The company’s core business activities encompass lending money against various securities, movable and immovable properties, finance, hire purchase, and leasing. Operating as a Category ‘B’ NBFC company registered with the Reserve Bank of India, it upholds the highest standards of financial governance and compliance.

HIGH INTEGRITY

The company continues to believe in the philosophy that corporate governance envisages the attainment of the highest level of transparency, accountability and equity in all areas of its operations and interactions with customers, shareholders, investors, employees, and government authorities. The company emphasizes good corporate governance and believes in maintaining the highest standards of quality and ethical conduct in all its activities, as it would not only encourage value creation but also provide accountability and control systems commensurate with the risks involved.

With a vision to expand and diversify its business verticals, Srestha Finvest aspires to emerge as a comprehensive hub, offering all-encompassing solutions for finance and investment-related products. The securities of the company are listed on BSE (BSE: 539217).