Rights Issue Committee Meeting held on September 24, 2025 has approved the terms of Rights Issue of equity shares.
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On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.4 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Star Housing Finance's Rights Issue Committee has finalised the terms of its equity share rights issue that was originally approved by the Board on September 12, 2025. The company will issue up to 6.14 crore fully paid-up equity shares of Rs. 5 face value at an issue price of Rs. 16 each (including Rs. 11 premium), raising around Rs. 98.27 crore. Shareholders will get 7 rights shares for every 9 shares held on the record date of September 30, 2025. The rights entitlement period runs from October 10, 2025 to October 31, 2025. Post-issue, the total outstanding share count will rise from about 7.90 crore to 14.04 crore shares, assuming full subscription.
The rights issue will dilute existing shareholders by roughly 78% on a fully subscribed basis but provides them the chance to participate and maintain their proportional ownership at a price below likely market levels. Shareholders should watch for the September 30 record date to be eligible to receive rights entitlements.