Ethos Limited has informed the Exchange that the Board of Directors of the Company in its meeting held today i.e. June 3, 2025, has, inter-alia, 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
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Ethos Limited's Board of Directors, at a meeting held on June 3, 2025, approved raising funds through a rights issue of equity shares with a face value of Rs. 10 each. The total amount to be raised will not exceed Rs. 410 Crore. The rights issue will be offered to eligible equity shareholders as on a record date, which is yet to be determined. Key terms such as the issue price, entitlement ratio, record date, and payment schedule will be decided by the Board later, subject to statutory and regulatory approvals under SEBI ICDR Regulations.
Existing shareholders will get the opportunity to subscribe to additional shares in proportion to their existing holdings, which could lead to dilution if they choose not to participate. The fresh capital may support business growth, but near-term stock price could face pressure depending on the issue price and entitlement ratio.