Rights Issue10 Aug 2026, 07:51 pm
Fusion Finance: Monitoring Agency Report for Rights Issue Proceeds (Q2 2026)
AI Summary
Fusion Finance Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CRISIL Ratings Limited. The report, in relation to the utilization of proceeds from its Rights Issue, confirms no deviation from the stated objects. The total gross proceeds of the Rights Issue were ₹799.86 crore, with net proceeds of ₹783.34 crore after deducting issue expenses of ₹16.52 crore. The company has received application money and call money totaling ₹795.23 crore towards the Rights Issue. The Audit Committee has reviewed the report, which is also available on the company's website.
Key Highlights
- Monitoring Agency Report for Fusion Finance's Rights Issue proceeds submitted.
- CRISIL Ratings confirms no deviation in utilization of funds.
- Gross proceeds of Rights Issue were ₹799.86 crore.
- Net proceeds after expenses amounted to ₹783.34 crore.
- Audit Committee has reviewed the report.
Price Impact
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