Hyderabad, 18th January 2024: Raminfo Limited (BSE – RAMINFO | 530951 | INE357B01022), a well-established e-Governance and Technology Solutions provider with over 29 years of legacy, announced today that its Board of Directors has given the approval for raising funds up to ₹62 crores.
The Hyderabad Headquartered firm in a statement issued today stated the funds raised are planned to be deployed towards Organization Development, Leadership Expansion, National and International Expansion to diversify revenue composition.
Furthermore, Raminfo Limited aims to meet the growth and future requirements of funds, and investments in its subsidiaries/associates/joint ventures engaged in niche businesses offering technology, IT infrastructure and digital offering platforms.
RamInfo to diversify service portfolio, and expand geographical reach
“This strategic move is geared towards diversifying the service portfolio and expanding geographical reach to improve margin and sustained growth of the company.” Srinath Reddy, Managing Director of Raminfo, stated.
He added that the infusion of funds will further help develop a robust pipeline of orders, augment growth in services and creating value for its shareholders and onboard marque shareholders, fortifying the company’s financial strength.
This preferential issue is as per SEBI ICDR Regulations and is subject to shareholders approval.
