Fusion Finance Limited has informed the Exchange regarding a press release dated May 12, 2025, titled "Fusion Finance s Rs. 800 Crore Rights Issue Subscribed 1.5x".
FUSION · price
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Fusion Finance has successfully closed its Rs. 800 crore Rights Issue, which was oversubscribed 1.5 times, indicating strong demand from existing shareholders. The issue, launched on 15 April 2025, offered up to 6.1 crore partly paid-up equity shares at Rs. 131 per share (including a Rs. 121 premium), aggregating Rs. 799.86 crore. Key institutional participants included promoter-linked entities Honey Rose Investment Ltd (a Warburg Pincus affiliate) and Creation Investments Fusion LLC. The proceeds will be used to boost the company's capital adequacy, reinforcing its position in the Indian microfinance sector where it already has an AUM of around Rs. 10,599 crore and 1,506 branches across 22 states. The company also highlighted the recent appointment of Sanjay Garyali as CEO as part of its long-term strategy.
Oversubscription of the rights issue is a positive signal of investor confidence and will strengthen Fusion Finance's balance sheet and capital base, supporting future lending growth. Existing shareholders who participated gain exposure at a discounted price, while non-participants may see some dilution of their holdings.