Ethos Limited has informed the Exchange regarding Board meeting held on Jun 03, 2025 inter-alia, to considered and approved Raising of funds through the issuance of equity shares of face value Rs 10 each by way of rights issue for an amount not exceeding Rs 410 Crore.
ETHOSLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ethos Limited's Board of Directors, at a meeting held on June 3, 2025, approved raising funds up to Rs 410 Crore through a rights issue of equity shares with a face value of Rs 10 each. The rights issue will be offered to eligible equity shareholders as per a record date that will be notified later. The issue price, entitlement ratio, record date, and payment terms are yet to be decided by the Board. The rights issue is subject to statutory and regulatory approvals under SEBI's ICDR Regulations and other applicable laws.
Existing shareholders will get the opportunity to subscribe to additional shares in proportion to their holdings, which could lead to dilution if they do not participate. The fresh capital raise may support the company's growth plans, but near-term share price could face pressure on ex-rights adjustment.