RSC International to acquire 51% stake in FA Wizard via share swap
Price
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RSC International board approved acquiring 51% equity in FA Wizard Pvt Ltd, a financial services company (retail lending distribution) with FY25-26 turnover of Rs. 155.20 Cr. Consideration of Rs. 20.69 Cr discharged via issuance of 62,70,008 equity shares at Rs. 33 per share on swap basis. Also approved increase in authorized capital from Rs. 7 Cr to Rs. 24 Cr, preferential issue of 18 lakh shares (Rs. 5.94 Cr cash) and 1 crore convertible warrants at Rs. 33 each (Rs. 33 Cr). EGM scheduled for August 13, 2026.
Diversifies into financial services. Share swap and warrant issues may lead to equity dilution. Subject to shareholder approval at EGM on Aug 13.