The board of Gemstone Investments has decided to raise funds through preferential issue of upto 60,00,000 convertible equity warrants for company's expansion plans. The pricing will be decided as per the Sebi (DIP) guidelines, said the company in a statement.
The Company has decided to register with various exchanges for further expansion in the fields of financial services and other allied business. The authorised capital of the company has been increased from Rs 3.10 crore to Rs 10 crore, said the company.