{"id":60249,"date":"2025-10-23T16:51:01","date_gmt":"2025-10-23T11:21:01","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2025\/10\/23\/mangalam-industrial-finance-limited-announces-rights-issue-opening-on-october-27-2025-2\/"},"modified":"2025-10-23T16:51:01","modified_gmt":"2025-10-23T11:21:01","slug":"mangalam-industrial-finance-limited-announces-rights-issue-opening-on-october-27-2025-2","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2025\/10\/23\/mangalam-industrial-finance-limited-announces-rights-issue-opening-on-october-27-2025-2\/","title":{"rendered":"Mangalam Industrial Finance Limited Announces Rights Issue Opening on October 27, 2025"},"content":{"rendered":"<p><img decoding=\"async\" width=\"1600\" height=\"1200\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2025\/10\/ANI-MANGALAM.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" loading=\"lazy\" \/><\/p>\n<div>\n<p><span data-sheets-root=\"1\"><strong>Mumbai (Maharashtra) [India], October 23:<\/strong> <\/span>Mangalam Industrial Finance Limited (The Company, MIFL) is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India, engaged in lending and investment activities, open its Rights Issue on Monday, October 27, 2025, aiming to raise \u20b9 48.08 Crore.<\/p>\n<p>The issue size is 48,08,21,750 equity shares at a face value of\u00a0\u20b9\u00a01 each with an Issue Price of\u00a0\u20b9\u00a01 Per Share.<\/p>\n<p><strong>Rights Issue details:<\/strong><\/p>\n<p>\u25cf<strong>Right Issue Price \u2013\u00a0<\/strong><strong>\u20b9<\/strong>\u00a0<strong>1<\/strong>\u00a0<strong>Each Share<\/strong><\/p>\n<p>\u25cf<strong>Right Issue Size \u2013\u00a0<\/strong><strong>\u20b9<\/strong><strong>\u00a048.08 Crore<\/strong><\/p>\n<p>\u25cf<strong>Right Entitlement \u2013 1 Shares for every 2 shares held<\/strong><\/p>\n<ul>\n<li>Renunciation of RE \u2013 27<sup>th<\/sup>\u00a0Oct, 2025 \u2013 31<sup>st<\/sup>\u00a0Oct, 2025<\/li>\n<li>Record Date \u2013 23<sup>rd<\/sup>\u00a0Sept, 2025<\/li>\n<li>Rights Issue Closes \u2013 07<sup>th<\/sup>\u00a0Nov, 2025<\/li>\n<\/ul>\n<p>The net proceeds from the Rights Issue will be used to augment its capital base and provide\u00a0funding requirements to expand its operational scale in relation to its NBFC activities.<\/p>\n<p><strong>Mr. Venkata Ramana Revuru, Chairman &amp; Managing Director of\u00a0<\/strong><strong>Mangalam Industrial Finance Limited\u00a0<\/strong><strong>expressed,\u00a0<\/strong>\u201cAs we continue our journey of growth and innovation, our focus remains on delivering financial solutions that strengthen our customers and drive sustainable progress. Over the years, we have nurtured strong, long-term relationships built on trust, transparency, and consistent customer satisfaction. Our growing emphasis on electric vehicle financing, business and personal loans, and other lending solutions reflects our commitment to fostering sustainable development and contributing to India\u2019s transition toward a cleaner and more resilient economy.<\/p>\n<p>The net proceeds from the Rights Issue will be utilized to enhance our financial capacity and meet the growing funding requirements of our expanding NBFC operations. This capital infusion will enable us to enhance our scale, diversify our lending portfolio, and reinforce our position as a trusted financial partner dedicated to sustainable and responsible growth\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], October 23: Mangalam Industrial Finance Limited (The Company, MIFL) is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India, engaged in lending and investment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":60250,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":57},"categories":[9],"tags":[674],"class_list":["post-60249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pressrelease","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/60249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=60249"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/60249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/60250"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=60249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=60249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=60249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}