Avasara Finance Rises 4.97% As It Approves ₹10.00 Crore Rights Issue

Authored By Shishta Dutta | Published at: Oct 23, 2025 04:36 PM IST

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Mumbai, October 23: Avasara Finance Limited’s share price was on the rise today, after the company announced that its board has approved a rights issue of up to ₹10.00 crore to existing shareholders. As of 3:10 PM, the shares of the company were up by 4.97%, or 1.47 points, and were trading at ₹31.06. So far, the shares have traded at a fixed price of ₹31.06, having opened at this level and remained locked in the upper circuit since then. The traded volume stood at 1.10 lakh shares, while the company’s market capitalisation was ₹15 crore. Over the past 52 weeks, the stock has recorded a high of ₹35.85 and a low of ₹23.16.

Avasara Finance Limited is an Indian Non-Banking Financial Company (NBFC) engaged in providing financial and investment services. The company was established in 1194 and is headquartered in Mumbai, Maharashtra. The shares of the company are listed on the BSE with the code 511730.

Approval of ₹10.00 Crore Rights Issue

The rise in the share price followed the company’s announcement that its board had approved a rights issue of up to ₹10.00 crore for existing shareholders. The decision was disclosed after the board meeting held today at the company’s registered office in Mumbai. The rights issue will comprise fully paid-up equity shares, with a total issue size of up to ₹1,000.18 lakh (approximately ₹10.00 crore). The company will determine the issue ratio and announce the record date at a later stage.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/79035958-1596-4746-af74-124f58b75e3c.pdf

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