eYantra Ventures raises Rs. 15 Crore through preferential issue; eyes global expansion

Share via:


Hyderabad (Telangana) [India], January 17: eYantra Ventures Limited (BSE Code: 512099; eYantra) has completed fundraise of Rs.15 crore through preferential issue of equity shares, marking a pivotal step in its strategic growth journey. The capital will be used to scale operations and drive global expansion.

Key Highlights of the Preferential Issue:

  • Number of Shares: 1,87,500 equity shares
  • Issue Price: Rs 800 per share
  • Total Capital Raised: Rs. 15 crore

“We hereby inform you that the Board of Directors at its Meeting held today i.e., Friday, January 17th, 2025, has approved the allotment of 1,87,500 equity shares of the Company at an Issue Price of Rs. 800/- per share aggregating ₹15 crore through preferential allotment,” said the company in the exchange filing.

What does it mean for eYantra?
The funds raised through this preferential issue will be deployed in several key areas:

  1. Healthcare Investments: The capital will support the recent acquisition of a 60% stake in Neuro and Spine Associates Private Limited. This strategic investment enhances eYantra’s presence in the healthcare sector, diversifying its portfolio and opening new revenue streams.
  2. Scaling Branded Merchandising Solutions: eYantra plans to expand its branded merchandising solutions business, which is experiencing significant growth across India. These efforts aim to increase market penetration and revenue generation.
  3. Global Expansion of IT/ITES business: Building on its established operations, eYantra has recently launched its software services business in Dubai and is preparing to enter the United States. These expansions are set to capitalize on the growing demand for innovative software solutions, positioning eYantra as a global player in this domain.

About eYantra Ventures Limited:
eYantra Ventures Limited is a diversified enterprise with interests spanning across branded merchandising solutions, healthcare and IT/ITES. Committed to innovation and growth, the company’s strategic initiatives and global expansion underline its dedication to creating long-term value for its stakeholders.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

admin
admin
Hi! This is Admin.

Popular

More Like this

eYantra Ventures raises Rs. 15 Crore through preferential issue; eyes global expansion


Hyderabad (Telangana) [India], January 17: eYantra Ventures Limited (BSE Code: 512099; eYantra) has completed fundraise of Rs.15 crore through preferential issue of equity shares, marking a pivotal step in its strategic growth journey. The capital will be used to scale operations and drive global expansion.

Key Highlights of the Preferential Issue:

  • Number of Shares: 1,87,500 equity shares
  • Issue Price: Rs 800 per share
  • Total Capital Raised: Rs. 15 crore

“We hereby inform you that the Board of Directors at its Meeting held today i.e., Friday, January 17th, 2025, has approved the allotment of 1,87,500 equity shares of the Company at an Issue Price of Rs. 800/- per share aggregating ₹15 crore through preferential allotment,” said the company in the exchange filing.

What does it mean for eYantra?
The funds raised through this preferential issue will be deployed in several key areas:

  1. Healthcare Investments: The capital will support the recent acquisition of a 60% stake in Neuro and Spine Associates Private Limited. This strategic investment enhances eYantra’s presence in the healthcare sector, diversifying its portfolio and opening new revenue streams.
  2. Scaling Branded Merchandising Solutions: eYantra plans to expand its branded merchandising solutions business, which is experiencing significant growth across India. These efforts aim to increase market penetration and revenue generation.
  3. Global Expansion of IT/ITES business: Building on its established operations, eYantra has recently launched its software services business in Dubai and is preparing to enter the United States. These expansions are set to capitalize on the growing demand for innovative software solutions, positioning eYantra as a global player in this domain.

About eYantra Ventures Limited:
eYantra Ventures Limited is a diversified enterprise with interests spanning across branded merchandising solutions, healthcare and IT/ITES. Committed to innovation and growth, the company’s strategic initiatives and global expansion underline its dedication to creating long-term value for its stakeholders.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

admin
admin
Hi! This is Admin.

More like this

Geysers, Footwear Seized From Amazon & Flipkart Warehouses

SUMMARY The Bureau of Indian Standards (BIS) seized over...

Remote AI jobs in India surge amid global demand

India is becoming a hotbed of AI talent...

JungleWorks Acquires Controlling Stake In Outplay

SUMMARY The Florida-based SaaS company acquired a majority stake...

Popular

Upcoming Events

Apple’s first iOS 19 tease gives off a vibe...

This week brought the official announcement of WWDC,...

Instagram adds TikTok-like option to fast-forward Reels videos

Meta on Thursday announced a new feature coming...

Indosat Enhances Network with AI, E& UAE and Omantel...

Leading telecom operators across the Middle East and...
afg afg afg afg afg afg ADGF ADGF ADGF ADGF ADGF ADGF ADGF ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account