Right Issue Status: Open [12th Jan 2023 to 2nd Feb 2023]
Visagar Financial Services Limited offers Right Issue size of Rs 49.74 Cr. This Right Issue is opening from 12 Jan 2023 to 02 Feb 2023. The company issues 51 rights equity shares for every 10 equity shares held on the record date of, 30 Dec 2022. The face value of a share is Rs. 1 per share and the right issue price is fixed at Rs 1 per share. The Company is listing Rights Issue on BSE.
Stay updated with us to know more about the Visagar Financial Services Limited Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.
VFSL intends to utilize the proceeds of the Issue, after deducting Issue related expenses (“Net Proceeds”) towards the following objects:-
|Visagar Financial Services Issue Details||Values|
|Right Issue Issue Size (Shares)||497,387,700 Eq Shares|
|Right Issue Issue Size (Amount)||₹Rs 49.74 Cr|
|Face Value||₹1 Per Equity Share|
|Right Issue - Issue Price||₹1 per share|
|Right Issue Record Date||30th Dec 2022|
|Right Issue Entitlement||51 Rights Equity Shares for every 10 fully paid-up Equity Shares held as on the Record Date|
|Right Issue Terms of payment||The Issue Price of Re. 1.00 per Rights Equity Share shall be payable on application.|
In this section we have covered all important dates related to Visagar Financial Services Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
|Right Issue Activity||Date|
|Right Issue Issue Open Date||12th Jan 2023|
|Right Issue Issue Close Date||2nd Feb 2023|
|Basis of Allotment Finalisation Date*||14th Feb 2023|
|Refunds Initiation*||15th Feb 2023|
|Credit of Shares to Demat Account*||16th Feb 2023|
|Right Issue Listing Date*||1st Mar 2023|
* - Tentative Dates
This company was originally incorporated as "INCA Finlease Private Limited", the name of this Company was changed to "Visagar Financial Services Limited" on February 11, 2011. VFSL is primarily engaged in the business of investing in securities of listed and unlisted companies. Its investment strategy depends on the opportunities, market conditions; both long term and short term and they invest in variety of sectors.
VISAGAR Company has experienced professionals with deep understanding of Investing in Shares & Equity, Financing, Corporate Advisory, Equity & Debt Restructuring and so on. The VISAGAR group is a multidimentional conglomerate with interest in Finance, Textiles, Education, Reality & Media. They are a multidimentional conglomerate with a portfolio of complementary busineses. With Strong, almost passionate commitments, they aims to be one of the most trusted and fastest growing corporate entity of its kind in India.
VFSL provide both secured and unsecured loans based on the risk profiles of the clients. They need financial resources to fuel the growing demand and to seize the opportunities presented by the market from time to time. The company generates maximum revenue from the sale of shares. Their loan portfolio was FY 2020-21 and FY 2021-22, is Rs. 733.52 Lakhs and Rs. 634.89 Lakhs, respectively comprising of short term of loan to a few corporate and non-corporate clients.
Past performance and financial results of Visagar Financial Services.
|Period Ended||Total Revenue||Profit After Tax||Net Worth||Total Borrowing|
|Amount in ₹ Crore|
Visagar Financial Services Right Issue Offer Document (Letter of Offer) >>Document
Visagar Financial Services Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Last Updated on 2023-01-16T08:47:28+00:00
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