StockWatch
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Non Banking Financial Company (NBFC)
Rights Issue9 Jun 2026, 06:01 pm

Oasis Securities Receives BSE In-Principle Approval for Rights Issue

AI Summary

Oasis Securities Ltd has received in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares. The approval, dated June 09, 2026, allows the company to mention BSE Limited in its Letter of Offer, provided specific disclaimer clauses are included. BSE has scrutinized the offer document for its internal purpose of granting this permission and does not endorse its contents or the company's financial soundness. The company must adhere to all legal and statutory formalities, including fixing a record date and disclosing the rights issue price at least three working days prior to it. BSE has also granted in-principle approval for the listing of these shares, subject to post-issue compliance.

Key Highlights

  • BSE grants in-principle approval for Oasis Securities' rights issue.
  • Company can use BSE's name in Letter of Offer with disclaimers.
  • BSE does not endorse the offer document or company's financial health.
  • Company must comply with all legal and statutory requirements.
  • In-principle approval for listing of rights issue shares granted.