Minolta Finance Limited has successfully concluded its Rights Issue, raising ₹48 crore. The issue involved the allotment of 40,00,00,000 equity shares at a price of ₹1.20 per share, including a premium of ₹0.20. This capital infusion is expected to bolster the company’s financial resources and support its future growth initiatives, aligning with regulatory requirements for capital adequacy.
Minolta Finance Concludes Rights Issue
Minolta Finance Limited has announced the successful completion of its Rights Issue. The company has allotted a total of 40,00,00,000 equity shares, effectively raising ₹48 crore. The issuance was conducted on a rights basis to eligible equity shareholders at an issue price of ₹1.20 per share. This price includes a premium of ₹0.20 per equity share, contributing to the overall premium amount aggregating up to ₹48 crore.
Issue Details and Allotment
The Rights Issue offered equity shares with a face value of ₹1/- each. The total number of shares allotted reflects the company’s successful engagement with its existing shareholders to raise additional capital. The comprehensive basis of allotment details the distribution of shares across various categories, including initial entitlements, renounced shares, and additional applications, ensuring transparency in the process. The summary of allotment indicates that all subscribed shares have been accounted for.
Regulatory Approvals and Listing
The final post-issue report has been submitted to the stock exchanges, including BSE Limited and The Calcutta Stock Exchange Ltd., for their records. Following the completion of formalities, the newly issued equity shares have been listed and are permitted for trading on the exchanges effective from September 1, 2026. This listing marks a significant step in strengthening Minolta Finance’s capital base and enhancing its market presence.
Financial Highlights
The aggregate amount raised through this issue stands at ₹48,00,00,000. The face value of each equity share is ₹1/-, with a premium of ₹0.20/- per share. The decision to raise capital via a rights issue aligns with the company’s strategy to prudently manage its finances and ensure adequate resources for ongoing operations and strategic expansion plans.
Source: BSE
