Fusion Finance Limited has informed the Exchange about Copy of Newspaper Publication
FUSION · price
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Fusion Finance Limited has informed the exchanges about the newspaper publication of its Rights Issue opening advertisement on April 15, 2025, in Financial Express (English) and Jansatta (Hindi). The company is issuing up to 6,10,58,392 partly paid-up equity shares of face value ₹10 at a price of ₹131 per share (including ₹121 premium), aggregating up to ₹799.86 crore. The ratio is 55 Rights Equity Shares for every 91 fully paid-up shares held on the record date of April 4, 2025. The issue opened on April 15, 2025, and closes on April 25, 2025, with the last date for on-market renunciation being April 21, 2025. IIFL Capital Services is the lead manager and MUFG Intime is the registrar to the issue.
Existing eligible shareholders get the opportunity to buy additional shares at ₹131, which may be at a discount to market price, but accepting rights will require capital outflow. Non-participation could lead to dilution of holdings. The stock may see some pressure during the rights issue period as entitlement trades settle.