StockWatch
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Non Banking Financial Company (NBFC)
Rights Issue19 Jun 2026, 02:21 pm

Oasis Securities Submits Letter of Offer for Rights Issue

AI Summary

Oasis Securities Ltd has submitted its Letter of Offer for a Rights Issue, approved by the Board of Directors on June 18, 2026. The issue involves 2,77,50,000 equity shares of face value Re. 1 each, at an issue price of Rs. 10 per share (including a premium of Rs. 9). This aims to raise Rs. 27.75 crore from eligible shareholders as of the record date, June 18, 2026. The rights are offered in the ratio of 3 equity shares for every 2 shares held.

Key Highlights

  • Oasis Securities announces Rights Issue of 2.775 Cr shares.
  • Issue price set at Rs. 10 per share, a 10x premium to face value.
  • Total fundraising target of Rs. 27.75 crore.
  • Rights offered in ratio of 3:2 to existing shareholders.
  • Letter of Offer approved by the Board on June 18, 2026.