Rights Issue30 Sept 2026, 05:40 pm

Crescentis Capital Proposes ₹80 Crore Rights Issue

AI Summary

Crescentis Capital Ltd (formerly Som Datt Finance Corporation Limited) has announced a proposed Rights Issue to raise up to ₹80 crores. The company plans to issue equity shares of face value ₹10 each at a premium, with the aggregate amount including premium not exceeding ₹80 crores. This move is in accordance with applicable laws and regulations, including the SEBI ICDR Regulations, and is subject to necessary approvals. The Draft Letter of Offer has been filed, detailing the terms and conditions of the issue, including the ratio of rights shares to existing shares and the record date, which are yet to be specified. The company also provided its updated CIN and registered office details in Telangana.

Key Highlights

Crescentis Capital proposes a Rights Issue to raise up to ₹80 crores.
The issue involves equity shares of face value ₹10 each at a premium.
The proposal is subject to regulatory and statutory approvals.
A Draft Letter of Offer has been filed with the details of the issue.
The company was formerly known as Som Datt Finance Corporation Limited.

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CRESCENTIS

Non Banking Financial Company (NBFC)

SOM DATT FINANCE CORPORATION LTD.

Price Impact