Frontier Capital Ltd has said that its board of directors will convene to discuss a possible fund-raising via a rights issue. This comes as the company seeks to shore up its financials in a tough economic climate.
Highlights:
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Board meeting to deliberate on rights issue
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Follows recent financials reporting revenue of ₹0.19 crore in Q3 FY2025
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Company reported net profit of ₹0.13 crore in the said quarter
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Frontier Capital's share closed at ₹34.50 on 25th March, 2025
The planned rights issue may give existing shareholders a chance to enhance their holding in the company at a possibly discounted rate. This is in line with Frontier Capital's move to strengthen its capital base and finance future growth plans.
Investors will be eagerly awaiting information on the size and price of the issue, which are set to be decided at the board meeting scheduled to be held soon. The rights issue, if sanctioned, can have a substantial bearing on Frontier Capital's balance sheet and market standing.
Sources: BSE Filing, MoneyControl, BlinkX, March 25, 2025