Baid Finserv approves Rights Issue Letter of Offer, size about Rs 30 crore
BAIDFIN · price
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Baid Finserv's Rights Issue Committee on November 11, 2025 approved the Letter of Offer for a Rights Issue of up to 3,00,17,075 equity shares of face value Rs. 2 each at Rs. 10 per share, including an Rs. 8 premium, aggregating up to Rs. 30.02 crore. Ratio is 1 Rights Share for every 4 shares held. Record date is November 17, 2025. Issue opens November 25 and closes December 3, 2025. Promoters are Panna Lal Baid and Rakesh Baid.
Eligible shareholders get 1 new share for every 4 held at Rs. 10 each. Record date is November 17, 2025 for subscription entitlement.