Intimation of Newspaper Publication of Basis of Allotment with respect to Rights Issue of Rajath Finance Limited
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Fynx Capital Ltd (formerly Rajath Finance Limited) has informed BSE about the publication of the Basis of Allotment for its recently concluded Rights Issue in three newspapers (Financial Express, Jansatta, and Mumbai Lakshdeep) on April 1, 2025. The company issued up to 1.6 crore fully paid-up equity shares at ₹10 each (at par) in a 4:1 ratio, aggregating up to ₹1,600 lakh. The issue, which opened on March 4, 2025 and closed on March 20, 2025, received 240 applications for 1,90,35,643 shares, of which 177 applications (1,03,102 shares) were technically rejected. The 63 valid applications totaled 1,89,32,741 shares, translating to an oversubscription of 118.33%. The basis of allotment was finalised on March 25, 2025, listing approval was received from BSE on March 28, 2025, and the rights shares were credited to demat accounts on March 28-29, 2025. Trading in the new shares on BSE is expected to commence on or about April 4, 2025 under the existing ISIN INE455H01013.
The rights issue was oversubscribed at 118.33%, indicating healthy investor demand and confidence in the company. For existing shareholders, the 4:1 ratio means significant dilution (4 new shares for every 1 held), and the trading of the newly allotted shares from April 4 onwards will increase the float and liquidity on BSE.