Board approves 3-for-8 rights issue at Rs 1.50 per share
SUVIDHAA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts more than its Financial Technology (Fintech) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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After BSE and NSE in-principle approval, the Board approved up to 7,86,77,509 fully paid shares for up to Rs 1,180.17 lakh at Rs 1.50 each. Eligible holders receive 3 rights entitlements for every 8 shares held on November 4, 2026. The issue opens November 13 and closes November 20. If fully subscribed, share count would rise from 20,98,06,690 to 28,84,84,199.
Shareholders who do not subscribe or renounce their rights may see their percentage ownership fall. The issue may also weigh on the share price.