Fynx Capital to Raise ₹80 Crore via Rights Issue

Fynx Capital Limited announced that its Board of Directors has approved a Rights Issue to raise funds. The company plans to issue equity shares worth approximately ₹80,00,00,000/- (Rupees Eighty Crores only) to existing shareholders. The issue will be on a rights basis in the ratio of 4:1, meaning eligible shareholders will receive 4 new equity shares for every 1 fully paid-up equity share held as of the record date. The Board has also constituted a Rights Issue Committee to oversee the process and approve the Draft Letter of Offer.