Angel One to raise 2,000 crore via preferential issue

Broking firm Angel One plans to raise ₹2,000 crore to tap opportunities in the fintech space.The proposed fund raise could be done through preferential issue, further public offer (FPO) or by qualified institutions placement (QIP), the company said in a filing. The stock broker plans to move beyond equity and mutual funds and will offer distribution of creditand fixed income products. It said that these offerings would strengthen the company on its superapp and boost growth. BS REPORTE

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