BSECrescentis Capital LtdMinimalNeutral
Announced Tue, 17 Jun · 13:56 IST

Submitting the Pre-Issue Advertisement in respect of the Rights issue.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Som Datt Finance Corporation Ltd has informed BSE that it published the pre-issue advertisement for its rights issue on June 17, 2025, ahead of the issue opening on June 20, 2025. The company is offering up to 70,05,579 fully paid-up equity shares of face value ₹10 each at a price of ₹70 per share (including a premium of ₹60), aggregating up to ₹4,903.91 lakhs. Eligible shareholders can subscribe in the ratio of 7 equity shares for every 10 fully paid-up shares held on the record date of June 6, 2025. The issue closes on June 30, 2025, with the last date for on-market renunciation being July 4, 2025. The advertisement was published in Financial Express (English), Jansatta (Hindi), and Mana Telangana (Telugu) newspapers.

Likely market impact

Eligible shareholders as of the June 6, 2025 record date can subscribe to the rights shares at ₹70 each by June 30, 2025, or renounce their entitlements by July 4, 2025. Existing shareholders should evaluate whether to subscribe, renounce, or let the entitlement lapse, as unexercised rights will be extinguished after the issue closes.