NBFC-Microfinance Company’s Rs 800 Crore Rights Issue Subscribed 1.5x; Details Inside
The stock is up by 32 per cent from its 52-week low of Rs 124.90 per share.
Fusion Finance Limited has successfully concluded its Rs 800 crore Rights Issue with a robust oversubscription of 1.5 times, demonstrating strong investor confidence in the company's long-term growth strategy. The offering, which commenced on April 15, 2025, saw significant participation from existing institutional investors, including promoters Honey Rose Investment Ltd and Creation Investments Fusion LLC. This enthusiastic response to the issuance of up to 6,10,58,392 partly paid-up equity shares, priced at Rs 131 per share (including a premium of Rs 121), resulted in a total subscription amount of Rs 799.86 crore.
The capital raised through this Rights Issue will significantly bolster Fusion Finance's capital adequacy, reinforcing its standing as a well-capitalised player within India's microfinance sector. In the preceding year, Fusion has actively pursued its long-term strategic objectives, notably strengthening its executive leadership with the recent appointment of Mr. Sanjay Garyali as the Chief Executive Officer. Mr. Garyali brings a wealth of experience spanning over 28 years in the banking and finance industry, with a particular focus on retail finance, signalling a strategic move to drive future growth and operational efficiency.
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About Fusion Finance Limited (Formerly Fusion Micro Finance Limited)
Fusion Finance [BSE (BOM: 543652) and NSE (NSE: FUSION)], founded in 2010, is amongst India’s leading Non-banking Financial Company-Microfinance Institutions (NBFC-MFIs), touching the lives of 36.6 Lakh clients in the country. Fusion was established with the core idea of creating opportunities at the bottom of the pyramid by providing financial services to the underserved and unserved women entrepreneurs in rural areas. It is one of the youngest companies to be among the top NBFC MFIs in the country with an Asset under Management (AUM) of INR 10,599.37 crore. The company has been growing consistently with an extensive network of 1,506 branches spread across 22 states, including 3 Union Territories, as of December 31, 2024.
The company has a market cap of Rs 2,674 crore. On Monday, shares of Fusion Finance Ltd surged 7.91 per cent to Rs 165 per share from its previous closing of Rs 152.90 per share with an intraday high of Rs 166.60 per share and an intraday low of Rs 155.90 per share. The shares of the company saw a spurt in volume by more than 2.40 times on the BSE. The stock is up by 32 per cent from its 52-week low of Rs 124.90 per share.
Disclaimer: The article is for informational purposes only and not investment advice.