Rights Issue10 Aug 2026, 06:30 pm
Fusion Finance: No Deviation in Rights Issue Fund Utilization
AI Summary
Fusion Finance Ltd has reported no deviation in the utilization of funds raised through its Rights Issue for the quarter ended June 30, 2026. The funds, raised via a Rights Issue on May 2, 2025, totaling INR 799.86 Crores, were intended to augment the company's capital base. The statement, reviewed by the Audit Committee, confirms that the actual use of funds aligns with the objects stated in the Letter of Offer. Minor amounts related to issue expenses and outstanding call money were also clarified.
Key Highlights
- No deviation reported in Rights Issue fund utilization for Q2 2026.
- Funds raised were for augmenting the company's capital base.
- Statement reviewed by the Audit Committee.
- Company website hosts the detailed disclosure.
- Outstanding call money as of June 30, 2026, is INR 2.05 crore.
Price Impact
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