Domestic brokerage Monarch Networth raises Rs 300 crores, announces 1:1 bonus

Monarch Networth Capital secured Rs 300 crores through a share allotment at Rs 560 each and approved a 1:1 bonus issue. The capital will boost initiatives like launching PMS and applying for a mutual fund license. Shares ended at Rs 612, reflecting investor trust. CEO Gaurav Bhandari lauded the investors' support for their vision.