RSC International Acquires 51% Stake in FA Wizard Private Limited
RSC International Ltd announced its Board of Directors has approved the acquisition of 51.00% of the equity share capital of FA Wizard Private Limited. The acquisition will be conducted on a swap basis through a preferential allotment of 62,70,008 equity shares at ₹33 per share, including a premium of ₹23. The company also approved an increase in its authorized share capital from ₹7 Crores to ₹24 Crores and a preferential issue of up to 18,00,000 equity shares for cash consideration. Additionally, the board approved the issuance of up to 1,00,00,000 convertible warrants for cash. These proposals are subject to shareholder and stock exchange approvals. An Extra-Ordinary General Meeting (EGM) is scheduled for August 13, 2026, to discuss these matters.
Key Highlights
- RSC International to acquire 51% stake in FA Wizard Private Limited.
- Acquisition to be settled via preferential allotment of shares.
- Authorized share capital to increase from ₹7 Cr to ₹24 Cr.
- Proposed preferential issue of shares and convertible warrants.
- EGM scheduled for August 13, 2026, to seek shareholder approval.
Price Impact
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