The Board of Directors of the company has approved at its Meeting held on 2nd June 2025 the Letter of offer, Abridged Letter of offer, and application form for the Right Issue
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On the reaction day the stock moved 4.5 pts less than Nifty Microcap 250 and 3.8 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bharat Bhushan Finance & Commodity Brokers, a non-deposit taking NBFC, has received Board approval for its Rights Issue documents (Letter of Offer, Abridged Letter of Offer, and Application Form). The company is offering 33,80,400 equity shares of face value Rs. 10 at an issue price of Rs. 10 per share, aggregating up to Rs. 3.38 crore. The ratio is 1 share for every 1 share held, with the record date set as May 30, 2025. The issue opens on June 16, 2025, and closes on July 7, 2025. Net proceeds of around Rs. 3.11 crore will be used mainly to augment the capital base (Rs. 2.75 crore), with smaller amounts for general corporate purposes and issue expenses. Promoters Vijay Bhushan and Nisha Ahuja have committed to subscribing to their full entitlement.
Existing shareholders need to decide whether to subscribe, renounce, or let their rights lapse between June 16 and July 7, 2025. Since the issue is priced at par (no discount) on a 1:1 basis, the short-term price impact is likely neutral, but shareholders who do not participate will see their holding diluted by up to 50%.