Deal Details
- Largest Rights Issue in BFSI sector in past decade
- Deal saw strong participation across investor categories and was subscribed 201.19%* of the issue size
- The fund raise comes at a crucial time for the company when it is in the process of changing its brand name and is focused on strengthening its balance sheet
Nuvama Contribution
- Nuvama handheld the management through the entire rights issue process, providing strategic guidance and regulatory support
- Worked efficiently to ensure the entire process from preparing to filing Letter of Offer to listing of the rights shares was completed swiftly
- Nuvama co-ordinated the marketing efforts across diverse investor set including Long Only DIIs and FIIs