Advik Capital's rights issue closure deadline extended - Check details

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Rights Issue: The rights contented of Non-banking fiscal institution (NBFC) Advik Capital is unfastened for subscription. The institution successful an speech filing informed exchanges that it has extended the closure day for the rights issue. The subscription model for the close contented volition present extremity connected October 10, 2024.

"This has notation to the ongoing rights contented of equity shares by the Company which was opened on Tuesday, September 24, 2024 and was scheduled to adjacent connected Friday, October 04, 2024 has present been extended to Thursday, October 10, 2024, by Rights Issue Committee," the institution said successful an speech filing.

According to the accusation available, the company's committee has besides fixed the terms and grounds date.

The institution said that September 12, 2024, has been fixed arsenic the grounds day for determining the equity shareholders entitled to person rights entitlements successful the rights issue.

Earlier, the institution reported a surge of astir 140 per cent successful nett net successful the archetypal 4th of the fiscal twelvemonth 2024-25.

The institution said that its quarterly nett net successful June 2024 was Rs 2.22 crore arsenic compared to Rs 0.91 crore successful the aforesaid 4th past year.

Similarly, Advik Capital's nett income are astatine Rs 4.97 crore successful the archetypal 4th of the fiscal twelvemonth 2024, up 11.18 per cent from Rs 4.47 crore successful June 2023.

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