MSE to raise Rs 238 crore, gets support from marquee investors

Delhi Delhi: The Metropolitan Stock Exchange of India (MSE) is set to raise Rs 238 crore from four entities, including Groww’s parent Billionbrains Garage Ventures and Zerodha’s Rainmatter Investments. The others investing in MSEI are – BSE-listed Share India Securities and Securocorp Securities India. According to a disclosure on the MSEI website, the exchange’s board at its meeting on Tuesday approved the issuance of 1.19 billion equity shares at Rs 2 per share, comprising Rs 1 face value and Rs 1 premium, through private placement to these four investors. The proposed allotment is subject to shareholders’ approval at the upcoming extraordinary general meeting (EGM). Of the participating investors, Share India Securities has committed Rs 59.5 crore for a 4.958 per cent stake in MSE