ImportantCompany Update
RSC International's board has approved a significant capital restructuring and a strategic acquisition.
RSC International Ltd530179 · Filed with the exchange
The company plans to increase its authorized share capital from Rs 7 Cr to Rs 24 Cr.
It will acquire a 51% stake in FA Wizard Private Limited, a tech-driven retail lending platform, for Rs 20.69 Cr through a share swap.
FA Wizard reported a turnover of Rs 155.21 Cr in FY26. Additionally, the company plans to raise capital by issuing up to 18 lakh equity shares for Rs 5.94 Cr and 1 crore convertible warrants for Rs 33 Cr on a preferential basis.
The company has also announced an Extra-Ordinary General Meeting on August 13 to seek shareholder approvals.
This move aims to expand its business footprint and strengthen its financial position.
No comments yet. Be the first.