Rights Issue15 May 2026, 09:30 pm
Fusion Finance: No Deviation in Rights Issue Proceeds
AI Summary
Fusion Finance Ltd reports no deviation or variation in the use of proceeds from its Rights Issue of equity shares for the quarter ended March 31, 2026, as per Regulation 32 of SEBI guidelines. The funds raised, totaling ₹799.86 Crores (with ₹797.29 Crores received), were intended to augment the company's capital base. As of March 31, 2026, ₹382.41 Crores has been utilized towards this purpose. The Audit Committee reviewed and approved the statement on May 15, 2026. CRISIL Ratings Limited is the monitoring agency.
Key Highlights
- No deviation in use of Rights Issue proceeds for quarter ended March 31, 2026.
- Total Rights Issue size: ₹799.86 Crores, with ₹797.29 Crores received.
- ₹382.41 Crores utilized from the Rights Issue proceeds as of March 31, 2026.
- Funds are being utilized to augment the capital base of the company.
- Audit Committee reviewed the statement on May 15, 2026.
Price Impact
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