Ethos Limited has informed the Exchange that Board of Directors at its meeting held on Jun 06, 2025, has decided to issue equity shares on rights basis in the ratio of 4 : 43, i.e 4 Equity Shares for every 43 Equity Shares held. Issue Price is Rs. 1800 per share.
ETHOSLTD · price
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Ethos Limited's Board has approved a rights issue of up to 22,77,250 equity shares (face value Rs. 10) at Rs. 1,800 per share, including a premium of Rs. 1,790. The entitlement ratio is 4 rights shares for every 43 shares held, raising up to approximately Rs. 409.90 crore assuming full subscription. The record date is June 12, 2025, the issue opens on June 20, 2025, and closes on July 3, 2025. Post-issue, outstanding shares will rise from about 2.45 crore to about 2.68 crore. Eligible shareholders must decide whether to subscribe to maintain their proportional stake in the company.
This is a dilutive fundraising move — existing shareholders who don't subscribe will see their holding reduce by roughly 9.3%. Shareholders holding 43 shares need to invest Rs. 7,200 (4 shares x Rs. 1,800) to fully retain their stake. Short-term share price may face pressure near the ex-rights date depending on how the issue price compares to the current market price.