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Fundraising through rights issues saw a resurgence in 2024, marked by a rise in the size of transactions. A total of 20 companies raised Rs 21,404.09 crore through rights issues, compared to 12 companies that raised Rs 7,266.33 crore in 2023.
A rights issue allows listed companies to raise capital by offering new equity shares to existing shareholders, typically at a discount to the current market price to encourage subscriptions. This method is often preferred when the promoter group wants to retain its ownership stake.
Notable rights issues include Grasim Industries, which raised Rs 4,000 crore; Indiabulls Housing Finance, which
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