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Onelife Capital Advisors Limited ( (IN:ONELIFECAP) ) has provided an update.
Onelife Capital Advisors Limited has approved the allotment of 24,000,000 rights equity shares with a face value of ₹10 at an issue price of ₹15 per share, including a premium of ₹5, under its ongoing rights issue. Following this allotment, the company’s paid-up equity share capital has risen significantly from ₹13.36 crore to ₹37.36 crore, marking a substantial equity base expansion that could strengthen its financial flexibility and market positioning for future business initiatives.
The rights issue allotment, finalized in consultation with BSE and the registrar KFin Technologies, reflects successful subscription and completion of a key capital-raising step. This enlarged capital structure may dilute existing holdings proportionally, but it also potentially enhances the company’s ability to pursue growth opportunities, support operations, and improve its standing in the competitive financial services sector.
More about Onelife Capital Advisors Limited
Onelife Capital Advisors Limited is an India-based financial services company listed on BSE and NSE, operating from Thane, Maharashtra. The firm is engaged in capital markets activities and advisory-related services, positioning itself within the broader financial and investment services industry.
Average Trading Volume: 12,012
Technical Sentiment Signal: Buy
Current Market Cap: 560.4M INR
Find detailed analytics on ONELIFECAP stock on TipRanks’ Stock Analysis page.