Newspaper Publication regarding Rights Issue of equity shares of the Company.
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Awaiting price reaction for this filing.
Star Housing Finance Limited has published newspaper advertisements regarding its proposed Rights Issue, as required under SEBI ICDR Regulations. The company is offering up to 6,14,16,404 fully paid-up equity shares at a price of Rs. 16 per share (face value Rs. 5, premium Rs. 11), aggregating up to Rs. 98.27 crore. Eligible shareholders will be offered 7 rights shares for every 9 equity shares held, based on the record date of September 30, 2025. The issue opens on October 27, 2025 and closes on November 3, 2025. The advertisements were published in Financial Express (English), Jansatta (Hindi), and Pratahkal (Marathi) on October 24, 2025. Promoters Anil Kumar Jain, Abhilasha Jain, Nirmal Kumar Jain, and Kalulal Jain have been named in the filing.
Eligible shareholders as on the record date of September 30, 2025 get the opportunity to subscribe to rights shares and maintain their proportional ownership in the company. The issue price of Rs. 16 is a steep premium over the Rs. 5 face value, but existing shareholders should compare it to the current market price before deciding to subscribe, renounce, or let the rights lapse.