Rights Issue Terms Approved; Price Rs. 10, Ratio 1:4
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's Rights Issue Committee approved terms on Nov 11. Issue of up to 3 crore equity shares at Rs. 10 each (face value Rs. 2, premium Rs. 8), aggregating up to about Rs. 30.02 crore. Ratio is 1:4 (1 rights share for every 4 held). Record date is Nov 17, 2025. Issue opens Nov 25, closes Dec 3, 2025. Total shares will rise from about 12 crore to 15 crore post-issue, assuming full subscription.
Eligible shareholders on Nov 17 can buy 1 share for every 4 held at Rs. 10 each. May involve dilution and extra capital outlay for existing holders.