BSE-listed IIRM Holdings India Ltd will raise ₹150 crore through a combination of equity shares and fully convertible warrants priced at ₹143.28 each, the company said on Friday.
The investment is being led by private equity firm Carpediem Capital and Category III alternative investment fund Sanshi Fund - I.
The proposed issue is subject to shareholder approval and other statutory, regulatory and government clearances.
IIRM Holdings said it will use the proceeds to support business expansion, pursue strategic investments and acquisitions, fund capital expenditure and meet working capital requirements.
The company is the holding entity for a group operating across asset protection, risk advisory, employee wellbeing and insurance distribution in India, Singapore, Sri Lanka, the Maldives and Kenya.
