StockWatch
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Non Banking Financial Company (NBFC)
Rights Issue29 May 2026, 04:19 pm

Crescentis Capital Approves ₹80 Cr Rights Issue

AI Summary

Crescentis Capital Ltd's board approved the audited financial statements for the quarter and financial year ended March 31, 2026. Additionally, they approved a proposal to raise up to ₹80 Crores through a rights issue of fully paid-up equity shares of Rs 10 each to eligible shareholders. The board has formed a Fund Raising Committee to finalize the terms and conditions of the Rights Issue, including the rights entitlement ratio, issue price, and record date, subject to necessary approvals.

Key Highlights

  • Approved audited financial statements for FY26.
  • Approved raising up to ₹80 Cr via rights issue.
  • Fund Raising Committee formed to finalize rights issue details.
  • Rights issue is subject to regulatory and statutory approvals.