Onelife Capital Advisors Limited has informed the Exchange about General Updates
ONELIFECAP · price
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Onelife Capital Advisors has completed the allotment of 2,40,00,000 (2.4 crore) Rights Equity Shares at ₹15 per share, which includes a ₹5 premium over the face value of ₹10. The total amount raised through this rights issue is approximately ₹36 crore. Following this allotment, the company's paid-up equity share capital has increased from ₹13.36 crore (1.33 crore shares) to ₹37.36 crore (3.73 crore shares), nearly tripling the share count. The allotment was approved by the Rights Issue Committee on March 17, 2026, based on the Letter of Offer dated February 10, 2026.
Existing shareholders will see dilution of their stake as the share count has nearly tripled, though they may have participated in the rights issue to maintain their holding. The company has raised fresh equity capital, which should strengthen its balance sheet, but the nearly 3x increase in share count is significant and may put short-term pressure on the stock price.