ICL Fincorp has announced Rights Issue Offer

The Board of Directors passed a resolution at its meeting held on 09th of January, 2024, approving the aforesaid rights issue of 94,78,712 equity shares at Rs.25/- each for cash (face value of Rs.10/- and premium of Rs.15/-) on rights basis to the existing equity shareholders of the Company in the ratio of 1:5 i.e., 1 equity share for every 5 fully paid-up equity share(s) held by the eligible equity shareholders.

These shares are being offered to those shareholders whose name appears in Register of Members of the Company as on January 05, 2024, being the record date fixed by the Board of Directors.