Please find the Outcome of the Board Meeting
GYFTR · price
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Awaiting price reaction for this filing.
LKP Finance's board has finalized the terms of its previously approved rights issue to raise up to Rs. 126 crores (Rs. 12,568.62 lakhs). The company will issue up to 27,93,027 fully paid-up equity shares of face value Rs. 10 each at a price of Rs. 450 per share, which includes a premium of Rs. 440 per share. The rights entitlement ratio is set at 6 rights shares for every 27 shares held by existing shareholders. The record date to identify eligible shareholders is Thursday, September 11, 2025, with the issue opening on September 18, 2025 and closing on September 25, 2025. Currently, the company has 1,25,68,623 equity shares outstanding, which could rise to 1,53,61,650 shares assuming full subscription. The Letter of Offer has also been approved for filing with SEBI and BSE.
Eligible shareholders as of the record date will get the right to buy 6 additional shares for every 27 held, helping them maintain their proportional ownership. Shareholders who do not participate risk around 18% dilution of their stake if the issue is fully subscribed. The large premium of Rs. 440 per share suggests the stock is likely trading at or near the Rs. 450 issue price level.