# Infinity Trust shareholders authorise capital raise of up to ₦50 billion

> Shareholders authorised a capital raise ceiling of ₦50 billion, subject to regulatory approvals; funds raised were not reported.

- **Source date:** 2026-10-21
- **Original source:** [BusinessDay](https://businessday.ng/companies/article/infinity-trust-mortgage-bank-approves-n50bn-capital-raise-share-capital-increase/)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021
- **Markdown:** https://voltformer.com/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021.md

At an extraordinary general meeting in Abuja on October 20, shareholders of Infinity Trust Mortgage Bank authorised directors to raise up to ₦50 billion through a rights issue, private placement, public offer or a combination, subject to regulatory approvals. The bank gave no completion timetable.

Shareholders also approved conversion of 600 million ₦1 preference shares, valued at ₦600 million, into ordinary shares. Directors still must determine the conversion ratio and price, and regulatory approval is required. Two proposed non-executive director appointments also await shareholder ratification and CBN approval.

[BusinessDay](https://businessday.ng/companies/article/infinity-trust-mortgage-bank-approves-n50bn-capital-raise-share-capital-increase/)

## Other languages

- [en](https://voltformer.com/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021)
- [tr](https://voltformer.com/tr/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021)
- [de](https://voltformer.com/de/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021)
- [ru](https://voltformer.com/ru/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021)
- [es](https://voltformer.com/es/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021)
- [ar](https://voltformer.com/ar/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021)
- [it](https://voltformer.com/it/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021)
- [pt](https://voltformer.com/pt/news/ng-infinity-trust-shareholders-authorise-n50bn-capital-raise-20261021)

[Company and energy news](https://voltformer.com/news.md) · [Voltformer catalog](https://voltformer.com/catalog)