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