Fusion Finance plans ?800 crore rights issue to boost capital

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Fusion Finance plans ?800 crore rights issue to boost capital

//business-finance.news-articles.net/content/202 .. ans-800-crore-rights-issue-to-boost-capital.html

Published in Business and Finance on Friday, December 6th 2024 at 1:30 GMT by Business Line
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Fusion Finance Limited plans â‚¹800 crore rights issue, offering new equity shares to existing shareholders for capital-raising initiative.

Fusion Finance, a non-banking financial company (NBFC), is planning to raise ₹800 crore through a rights issue to bolster its capital base. This strategic move aims to support the company's growth and expansion plans, particularly in enhancing its lending capabilities. The rights issue will allow existing shareholders to purchase additional shares at a discounted price, thereby providing an opportunity to increase their stake in the company. This initiative comes at a time when Fusion Finance is looking to capitalize on the increasing demand for credit in rural and semi-urban areas, where it primarily operates. The funds raised are expected to help in diversifying the company's product offerings and strengthening its balance sheet.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/markets/stock-markets/fusion-finance-plans-800-crore-rights-issue-to-boost-capital/article68953737.ece ]

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