Fusion Finance plans ₹800 crore rights issue to boost capital
Fusion Finance Limited has announced plans for a significant rights issue, seeking to raise up to ₹800 crores through partly paid-up equity shares. The company’s board of directors approved the capital-raising initiative during meetings on December 4 and 5, 2024.
The shares of Fusion Finance Limited were trading at ₹184.42 down by ₹0.34 or 0.18 per cent on the NSE today at 10.05 am.
The rights issue involves offering new equity shares with a face value of ₹10 each to existing shareholders. The company will file a draft letter of offer (DLOF) with key market regulators, including the Securities and Exchange Board of India (SEBI), BSE Limited, and the National Stock Exchange of India Limited.
The rights issue represents a strategic move by Fusion Finance to potentially strengthen its capital base and support future growth initiatives. Investors and shareholders are advised to watch for further details in the upcoming draft letter of offer for complete information about the rights issue.
