Capital Trust Limited has informed the Exchange about General Updates Outcome of the Meeting held on Friday, July 25, 2025 through audio conferencing in connection with finalization of the Basis of Allotment of Rights Equity Shares of Capital Trust Limited.
CAPTRUST · price
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Awaiting price reaction for this filing.
Capital Trust Limited's rights issue of 60,74,893 equity shares at ₹82 each (aggregating up to ₹49.81 crores) was heavily undersubscribed. Out of 60.7 lakh shares offered in a 5:14 ratio, only 53,471 shares (0.88% of the issue size) were applied for through 506 applications, collecting just ₹43.85 lakhs. The issue opened on June 25, 2025 and closed on July 24, 2025. Since subscription fell well below the 90% threshold, funds are being unblocked back to applicants. ICICI Bank and IDFC First Bank were the top collecting banks, though with minimal participation.
This is a deeply negative signal — the rights issue was supposed to raise up to ₹49.81 crores but raised only ₹43.85 lakhs, indicating extremely poor investor confidence. Existing shareholders largely renounced or ignored their rights, and the company will now have to fund its plans through alternative means. The stock may face selling pressure and dilution concerns are largely defused since so few new shares were allotted.