Issuance of fully paid-up equity shares of face value of Rs. 10/- each for an amount aggregating to Rs. 1000.18 lakh at a price of Rs. 10/- each in the ratio of 2:1 on Right Issue basis
Awaiting price reaction for this filing.
Avasara Finance Limited (formerly TRC Financial Services Limited), an RBI-registered NBFC, is launching a rights issue of up to 1,00,01,800 fully paid-up equity shares at Rs. 10 per share, aggregating to Rs. 1,000.18 lakh (around Rs. 10 crore). The issue is offered at a ratio of 2 rights shares for every 1 equity share held (2:1) by eligible shareholders as on the record date of Thursday, January 1, 2026. The issue price of Rs. 10 equals the face value, meaning it is being offered at par with no premium or discount. The issue opens on January 9, 2026 and closes on January 19, 2026, with listing expected on January 22, 2026. Promoter Jupiter Capital Private Limited will be eligible to participate, and Brickwork Ratings India Private Limited has been appointed as the monitoring agency.
Eligible shareholders can subscribe to 2 new shares for every share they own, but non-participation would result in significant dilution of their stake by about two-thirds. Since the issue is priced at par with no discount or premium, there is no immediate price arbitrage, and the stock may face short-term pressure from the expanded share base.