Thank you for the Support- Rights Issue Oversubscribed by 123% and shares Now listed on BSE from today.
Price
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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.1 pts less 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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Som Datt Finance Corporation Ltd announced that its Rights Issue was oversubscribed by more than 123%, reflecting strong investor confidence. The Basis of Allotment was published on July 18, 2025 in The Financial Express, Jansatta, and Mana Telangana. Allotment and credit of Rights Equity Shares to demat accounts have been completed successfully. BSE has approved listing and trading of the Rights Equity Shares starting Monday, July 21, 2025. The Managing Director thanked shareholders and committed to using the funds for the objectives stated in the Letter of Offer to create shareholder value.
Positive signal for the stock as oversubscription shows strong shareholder demand, though the dilution from new shares may slightly pressure short-term price. Existing investors should see the new rights shares credited to their demat accounts and tradable from July 21, 2025.