Outcome of Rights Issue Committee meeting held on November 26, 2025
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Star Housing Finance's Rights Issue Committee has decided to withdraw the company's proposed Rights Issue due to non-receipt of the minimum subscription required under SEBI's ICDR Regulations. The Rights Issue, which was sized at approximately Rs. 98.27 crore, offered 6,14,16,404 equity shares at Rs. 16 each (including a premium of Rs. 11) in the ratio of 7 shares for every 9 shares held. The subscription window ran from October 27, 2025 to November 25, 2025. The company is now asking all banks to unblock the application money of subscribers who had applied for the Rights Shares.
This is a negative development as the company fails to raise the planned Rs. 98.27 crore, which may affect its growth and lending capital plans. Existing shareholders who applied will get their money refunded, while the stock may face short-term pressure due to the failed fund-raising attempt.