Veefin Gets Board Nod To Raise INR 94 Cr

Veefin said that it will issue nearly 13 Lakh equity shares to non-promoter investors on a preferential basis at INR 390 each to raise INR 50.7 Cr

The board also approved issuing 11.1 Lakh convertible warrants worth INR 43.4 Cr to promoters Raja Debnath and Gautam Udani as well as two other non-promoters

Founded in 2020, Veefin Group is a BSE SME-listed company which offers supply chain financing and digital lending solutions to its customers

Listed fintech SaaS…