loading
loading
The firm said it has raised 2 billion Indian rupees ($21.09 million) through non-convertible debentures of one-year tenor at 10.5% per annum. AlphaGrep added that it plans to use the funds to augment its AI and machine-learning infrastructure and grow f its retail-facing businesses. AlphaGrep has raised two billion rupees through bond issuance. This move comes after new Reserve Bank of India regulations. Banks now face restrictions on funding proprietary trading firms. The company plans to enhance its AI and machine-learning infrastructure. These funds will also support growth in retail-facing businesses. The Reserve Bank of India, effective July 1, has barred banks from funding proprietary trading and requires 100% collateral for other funding to brokers. The measure was the latest in a series of regulatory steps aimed at cooling the derivatives trading boom and protecting small investors. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-09 02:55