
Rights Issue3 Nov 2026, 06:24 pm
Crescentis Capital Approves Rights Issue Letter of Offer
AI Summary
Crescentis Capital Ltd (formerly Som Datt Finance Corporation Limited) announced that its Board of Directors has approved the Letter of Offer, Composite Application Form, and Rights Entitlement letter for a Rights issue. The issue involves offering 1,02,08,129 fully paid-up equity shares of face value ₹10 each at a price of ₹78 per share, aggregating to ₹7,962.34 Lakhs (₹79.62 Crore), on a rights basis. This is in the ratio of 3 equity shares for every 5 fully paid-up equity shares held as of the record date, November 4, 2026. The company also provided historical information regarding its incorporation, name change, and registered office shifts.
Key Highlights
- Board approved Letter of Offer for Rights Issue.
- Issue size: ₹7,962.34 Lakhs (₹79.62 Crore).
- Offering 1,02,08,129 equity shares at ₹78 each.
- Ratio: 3 shares for every 5 held on record date.
- Record date set for November 4, 2026.
Price Impact
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