TruCap Finance Ltd - TRUCAP FINANCE Share Price

Summary

Dhanvarsha Finvest Limited was incorporated in November 09, 1994. The Company is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), dated 05th January, 2021. The Company is engaged primarily in the business of providing financial service activities like Micro Enterprise Loans, SME Loans, Other Structured Business, Personal Loans, Gold Loans and in providing ancillary services related to the said business activities. The Company started with an idea to build social capital by aiming to provide credit solutions to Indias large under served and under banked MSME segment. Promoted under the aegis of the 80 year old Wilson Group of Mumbai, the Company aims to provide timely, a?ordable and sustainable access to credit to the countrys almost 500 million under - served borrowers, either through its own balance sheet or via signi?cant distribution tie ups coupled with robust technology engine. The Company prides itself on highest standards of corporate governance and transparency with an eminent and completely Independent Board that comprises of veterans from banking, ?ntech, taxation, regulation, and global businesses. During the year 2021, the Company issued convertible securities as follows:a) The Board of Directors vide Resolution passed by circulation dated April 14, 2021 allotted 15,98,727, 10% Unsecured Compulsorily Convertible Debentures (CCDs) at an issue price of Rs 400/- for cash at par on preferential basis for an aggregate amount of... Read More