The Board of Directors at its meeting held today i.e. 12th September 2025 has approved the raising of funds by way of Rights Issue of Equity Shares including draft letter of offer and constitution ....
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The Board of Directors of Star Housing Finance Ltd, at its meeting held on 12th September 2025, approved raising funds of up to Rs. 99 Crores through a Rights Issue of fully paid-up equity shares with a face value of Rs. 5 each. The rights issue will be offered to existing eligible equity shareholders as on a record date, which is yet to be announced. The Board also approved the Draft Letter of Offer for filing with BSE and constituted a Rights Issue Committee comprising three members to finalise key terms such as issue price, entitlement ratio, record date, and timing.
Eligible shareholders will get the opportunity to subscribe to the rights issue in proportion to their existing holdings, but those who do not participate may see their stake diluted. The final issue price and entitlement ratio, once announced, will determine whether subscribing is attractive for shareholders.