Intimation of In-Principle Approval received for rights issue of equity shares by the Company
Price
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Awaiting price reaction for this filing.
Star Housing Finance Ltd has received in-principle approval from BSE for a proposed rights issue of fully paid-up equity shares. The approval letter was issued by BSE on September 19, 2025, and was intimated to the exchange on September 20, 2025. This is a procedural clearance from the stock exchange — the company has not yet disclosed the issue size, price, ratio, or record date. The company will need to fix a record date and disclose the rights issue price at least three working days before it, and complete further statutory and listing formalities before the actual issue opens.
This is an early-stage administrative approval — existing shareholders may be asked to put in more money once the rights issue details (price, ratio, record date) are announced. No immediate price impact expected until terms and pricing are revealed.