Gretex Corporate Services Limited, a corporate services and business solutions provider, recently conducted a rights issue. In this financial maneuver, the company offered existing shareholders the opportunity to purchase additional shares at a predetermined price, usually below market rates, in proportion to their existing holdings. The aim of the rights issue is to raise capital for business expansion, debt reduction, or other corporate purposes. Shareholders can either exercise their rights to buy more shares or sell their rights to other investors. The specific terms, pricing, and purpose of Gretex Corporate Services Limited’s rights issue would require further information to provide accurate details.
Incorporated in 2008, Gretex Corporate Services Ltd is a financial and consultancy service provider in India. It is a SEBI-registered merchant banker, its key business activities include fundraising management activities, investment advisory, underwriting of issues, corporate advisory services, and more.
Initially, the company started its business as a project finance service provider through banks and financial institutions, over the period, it has expanded its product portfolio and presently, offers services in different areas i.e. capital markets, corporate finance, debt syndication, corporate restructuring, and compliance advisory.
Product and Services
- Capital Markets: IPO, De-listing, right issue, open offer, exit offer.
- Corporate Finance: Private equity, valuation, venture capital, debt securities issue, and bank finance.
- Corporate Restructuring: Takeover, merger & acquisitions, demergers.
- Compliance advisory: Statutory compliance and secretarial support services.
Competitive strengths
- Diversified range of financial and consultancy service offerings.
- Rich managerial experience.
- Standard quality of services and long-term relationship with customers.
The company has been awarded Top Volume Performer for SME IPO in India in FY 2017-18 and 2020-21 (Awarded by BSE).