Onelife Capital Advisors Triples Equity Capital Through Rights Issue Allotment

Onelife Capital Advisors Limited ( (IN:ONELIFECAP) ) has issued an update.

Onelife Capital Advisors Limited’s Rights Issue Committee 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. The allotment, finalized in consultation with BSE and the registrar KFin Technologies, marks a significant capital-raising step for the company.

Following this rights issue, the company’s paid-up equity share capital has risen from ₹13.36 crore, representing 13,360,000 equity shares, to ₹37.36 crore, representing 37,360,000 equity shares. This substantial increase in equity capital is expected to strengthen Onelife Capital Advisors’ balance sheet and potentially enhance its capacity for future business expansion and financial market activities, impacting existing shareholders through dilution but improving the company’s financial flexibility.

More about Onelife Capital Advisors Limited

Onelife Capital Advisors Limited operates in the financial services sector, providing capital markets and advisory services. Listed on BSE and NSE, the company focuses on corporate finance and investment-related activities within the Indian market, serving a range of stakeholders including public shareholders and institutional investors.

Average Trading Volume: 12,012

Technical Sentiment Signal: Buy

Current Market Cap: 560.4M INR

Learn more about ONELIFECAP stock on TipRanks’ Stock Analysis page.