Suvidhaa Infoserve approves rights issue of ₹120 cr

IPO / ECM 30 Jun 2026· ₹120 cr · Announced· ✓ Verified

The board of directors approved the rights issue at a meeting held on or around 30 June 2026. The maximum issue size is capped at ₹1,200 lakhs (₹120 crore). The company filed the outcome notice with the National Stock Exchange (NSE). No details on issue price, ratio, or timeline were disclosed in the primary filing. Shareholder approval and SEBI approval for the prospectus will be the critical next gates.

Why it mattersRights issues signal capital adequacy concerns or growth capex needs; review the company's latest financials and FDI/FEMA compliance on subscription by foreign shareholders.
SectorFinancial Services
Value₹120 cr
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