Geetanjali Credit Approves Rights Issue of ₹88.38 Cr

Geetanjali Credit and Capital Ltd's Rights Issue Committee has approved the terms for a rights issue of partly paid-up equity shares. The issue will offer 7,07,07,200 shares at ₹12.50 each, aggregating up to ₹88.38 crores (assuming full subscription). This aims to raise capital for the company. The record date for the rights issue is November 18, 2026. Post-rights issue, the total equity shares will increase to 7,51,26,400, assuming full subscription.