Fund raising approved
As filed · In continuation to the prior intimation for Board Meeting submitted vide our letter dated March 4, 2025 and pursuant to the Listing Regulations, we hereby inform that the Board of Directors at its mee
What happened
FactIn continuation to the prior intimation for Board Meeting submitted vide our letter dated March 4, 2025 and pursuant to the Listing Regulations, we hereby inform that the Board of Directors at its meeting held on Friday, March 7, 2025 has inter-alia considered and approved the following: 1. Phiroze Jeejeebhoy Towers,. Tier II Bonds in the nature of Non-Convertible Debentures categorized as Tier II Capital for.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Margins
Withdrawnwe would try and target sort of a cost-income ratio, which is better than 60%, and we would be better than 4.3% on an opex to asset basis.
we would be better than 4.3% on an opex to asset basis.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
Evidence
How CapitSignal classified this
- Reasoning:
- FUNDRAISE base 58; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%