Som Datt Finance Corporation Completes Rights Issue, Promoters Increase Stakes
Som Datt Finance Corporation Ltd. completed its rights issue, expanding its equity share capital from ₹10.01 crore to ₹17.01 crore. The number of equity shares increased from 1.00 crore to 1.70 crore. Major changes in promoter shareholding include Dr. Bhaskara Rao Bollineni's stake rising from 64.36% to 68.80%, and Bhavanam Ruthvik Reddy's stake increasing from 5.00% to 6.17%. The combined promoter shareholding grew from 69.36% to 74.97%. A non-promoter KMP, Subba Rao Veera Venkata Meka, also participated in the issue. The company made necessary disclosures under SEBI regulations.