Revised Press Release: INR 30 Cr Rights Issue Closed 1.07x Subscribed
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On the reaction day the stock moved 6.5 pts more than Nifty Microcap 250 and 6.8 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Baid Finserv corrected its press release: Rights Issue oversubscription was 1.07 times (not 107.84 times as earlier stated). The INR 30.02 crore Rights Issue at 1:4 ratio priced at INR 10 per share closed on Dec 3, 2025. Around 3 crore shares allotted. Promoter holding rose from 36.25% to 45.71%. Proceeds for capital base, lending growth, and debt repayment.
Correction reveals only modest oversubscription. Promoter holding rose sharply to 45.71%. Capital raise to support lending growth.