JMJ Fintech has announced a rights issue to raise ₹26.88 crore by offering 2.56 crore equity shares. The shares will be available to existing shareholders in the ratio of two new shares for every one share currently held.
The record date for this issue is set for July 11. Shareholders who own shares on this date will be eligible to apply for the rights issue.
Each share will be priced at ₹10.50, which includes a ₹10 face value and ₹0.50 as a premium. A fee of ₹3.15 per share will be charged as the application money.
The issue will open on July 18, 2025, and close on August 16, 2025.
A rights issue allows existing shareholders to purchase additional shares at a discounted price, typically in proportion to their existing shareholding.
This move helps the company raise capital for its future growth and operations while giving shareholders the opportunity to increase their stake.
For more details, visit: https://jmjfintechltd.com/right-issue/
