Infinity Trust Mortgage Bank Plc is set to raise ₦50 billion in fresh capital to strengthen its financial capacity, expand operations and improve its competitiveness in Nigeria's mortgage banking industry. The bank's Chairman, Dr. Nkechi Bibilari, disclosed this after shareholders unanimously approved the proposed capital raise at an Extraordinary General Meeting in Abuja. The funds will be pursued through one or a combination of options, including a rights issue, private placement to strategic investors and an offer for subscription to the public.
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