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 met on September 24, 2025 and finalised the terms of a Rights Issue of fully paid-up equity shares. The company plans to issue 6,14,16,404 shares at Rs. 16 per share (face value Rs. 5, premium Rs. 11), raising up to Rs. 98.27 crore. The entitlement ratio is 7 new shares for every 9 shares held by eligible shareholders as on the record date of September 30, 2025. The issue opens on October 10, 2025 and closes on October 31, 2025. If fully subscribed, the company's outstanding shares will rise from about 7.90 crore to 14.04 crore, nearly doubling the equity base.
Existing shareholders will need to decide whether to invest more capital to maintain their stake, as the rights issue will dilute non-participating shareholders. The total raise is relatively small (under Rs. 100 crore) and is meant to support the housing finance business, but short-term share price may see pressure around the ex-rights date.