Rights Issue 1:4 ratio at Rs 10 per share approved, record date Nov 17
BAIDFIN · price
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On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 4.6 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 Rights Issue Committee approved terms for issuing about 3 crore fully paid-up shares worth up to Rs 30.02 crore. Eligible shareholders get 1 new share for every 4 held at Rs 10 each, including an Rs 8 premium. Record date is November 17, issue opens November 25 and closes December 3, 2025.
Dilution likely; existing shareholders must hold shares by November 17 to get rights entitlement and may need to invest more.