Geojit Financial Services’ Rights Issue Committee is set to meet on September 19, 2024, to finalize critical details regarding its upcoming ₹200 crore rights issue. The committee will determine the issue price, rights entitlement ratio, and other related matters. This follows the Board of Directors’ approval in July for the rights issue offer.
Geojit Financial shares have seen a strong rally, ending 4.8% higher at ₹170 on the NSE in the previous session. The stock has surged 113% this year, significantly outperforming the Nifty, which has gained 14% during the same period.
Investor Rekha Jhunjhunwala holds a 7.2% stake in the company, while BNP Paribas, C J George (Founder and Managing Director), and KSIDC are among the prominent shareholders. Geojit Financial reported a 107% year-on-year increase in net profit in Q1FY25, along with a 56% growth in consolidated revenue. The company’s assets
