Angel Broking, which proposes to enter into insurance and third-party products, plans to invest Rs 600 crore to complement its expansion plans that includes scaling up its branch network from 75 to 250 branches across the country in 3 years.
Angel is planning to raise Rs 250 crore from private equity investors and rest of the amount from internal accruals.
"We would be raising a fund by diluting 25 per cent of our stake in two tranches," Thakkar said adding the company is also planning a huge spend on its already robust online trading business.
Read more in DNA Money article.
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