The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Honey Rose Investment Ltd
FUSION · price
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Honey Rose Investment Ltd, part of the promoter group of Fusion Finance Ltd, acquired 2,38,91,326 equity shares through the company's Rights Issue, with allotment dated May 02, 2025. This increased the promoter entity's holding from 3,31,64,881 shares (32.83%) to 5,70,56,207 shares (35.20%) of the post-issue share capital. The rights issue expanded the company's equity base from Rs.101 crore to Rs.131.55 crore (including partly paid shares). The acquisition price was based on the rights issue terms, not the open market. The promoter group's continued confidence is reflected in their full subscription to their rights entitlement.
This shows promoter group commitment to the company by subscribing to the rights issue, strengthening their stake by about 2.4 percentage points. For shareholders, it signals promoter confidence in the business but also dilutes non-promoter shareholding.