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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Oasis Securities Ltd's board, at its meeting on 11th April 2025, approved raising of funds through a Rights Issue of equity shares having face value of ₹1.00 each, for an aggregate amount not exceeding ₹49 crores. The shares will be offered to existing eligible equity shareholders as on the record date, which is yet to be notified. The board also constituted a Rights Issue Committee, chaired by Managing Director Rajesh Kumar Sodhani, with CFO Devi Dutt Agarwal and Director Priya Sodhani as members, to decide on pricing, entitlement ratio, record date, and appointment of intermediaries. Detailed terms will be communicated later through the letter of offer.
Existing shareholders will get an opportunity to subscribe to additional shares and maintain their proportional ownership, but the issue will lead to dilution if not fully subscribed. The stock may see short-term pressure until the rights entitlement terms (price, ratio, record date) are announced.