Latest news with #HoneyRoseInvestmentLtd
Business Standard
12-05-2025
- Business
- Business Standard
Fusion Finance concludes its rights issue of Rs 800 cr
Fusion Finance announced the successful completion of its Rs. 800 crore Rights Issue, which was subscribed 1.5x. The offering, launched on 15 April 2025, witnessed robust participation from existing institutional investors, including promoters Honey Rose Investment Ltd, an affiliate of Warburg Pincus LLC, and Creation Investments Fusion LLC, underscoring investors' conviction in Fusion's growth trajectory and business fundamentals. The Rights Issue comprised up to 6,10,58,392 partly paid-up equity shares at a price of Rs.131 per Rights Equity Share (including a premium of Rs.121), aggregating up to Rs. 799.86 crore. The proceeds from the Rights Issue will enhance the Company's capital adequacy, further strengthening its position as one of the most well-capitalized entities in the Indian microfinance sector.
Time of India
12-05-2025
- Business
- Time of India
Fusion Finance's Rs 800-crore rights issue fully subscribed
Synopsis Microfinance lender Fusion Finance Monday announced that its Rs 800 crore-right issue was fully subscribed with its promoters Honey Rose Investment Ltd, an affiliate of Warburg Pincus, and Creation Investments Fusion LLC taking part in it.
Time of India
12-05-2025
- Business
- Time of India
Fusion Finance raises Rs 800 crore via rights issue
Warburg Pincus-backed Fusion Finance has raised ₹800 crore through a rights issue, with strong participation from existing institutional investors, including promoter Honey Rose Investment Ltd (an affiliate of Warburg Pincus LLC) and Creation Investments Fusion LLC. The company said the additional capital will be used to strengthen its balance sheet, enabling it to seize emerging opportunities and continue delivering long-term value to stakeholders. In a filing with the stock exchanges, Fusion Finance said the rights issue—launched on April 15, 2025—received robust backing from institutional shareholders, reaffirming investor confidence in the company's growth trajectory and business fundamentals. Shares of the Delhi-based non-banking finance company surged 8.37% intraday on Monday to ₹166. The rights issue comprised up to 6.11 crore partially paid-up equity shares at ₹131 per share (including a ₹121 premium), aggregating to ₹799.86 crore. Proceeds will be used to bolster the company's capital adequacy, further strengthening its position in India's competitive microfinance sector, the company said in a May 12 exchange filing. Live Events ETMarkets WhatsApp channel )
Business Standard
12-05-2025
- Business
- Business Standard
Fusion Finance concludes its rights issue with fund raise of Rs 800 cr
Fusion Finance announced the successful completion of its Rs. 800 crore Rights Issue, which was subscribed 1.5x. The offering, launched on 15 April 2025, witnessed robust participation from existing institutional investors, including promoters Honey Rose Investment Ltd, an affiliate of Warburg Pincus LLC, and Creation Investments Fusion LLC, underscoring investors' conviction in Fusion's growth trajectory and business fundamentals. The Rights Issue comprised up to 6,10,58,392 partly paid-up equity shares at a price of Rs.131 per Rights Equity Share (including a premium of Rs.121), aggregating up to Rs. 799.86 crore. The proceeds from the Rights Issue will enhance the Company's capital adequacy, further strengthening its position as one of the most well-capitalized entities in the Indian microfinance sector.
