Natco Pharma approves ₹12,794 million rights issue at ₹750 per share
As filed · Natco Pharma Limited has informed the Exchange regarding Outcome of Fund Raising Committee Meeting approving the Letter of Offer for Rights Issue
What happened
FactNatco Pharma’s Fund-Raising Committee approved the Letter of Offer for a rights issue of up to 17,058,082 fully paid-up equity shares. The issue is priced at ₹750 per share, with eligible shareholders entitled to 2 rights shares for every 21 shares held on the October 1, 2026 record date.
Why it matters
CapitSignal interpretationExisting holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
RevisedI think we will end the year with another extra Rs 250 to 300 crores of extra PAT we were expecting.
So, we expect the cash will be around maybe Rs 2,700 crores, 2,800 crores is what we are expecting a cash will settle around.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Rights ratio and issue price
- Record date and subscription window
- Promoter intention to subscribe
- I think we will end the year with another extra Rs 250 to 300 crores of extra PAT we were expecting. (management committed by FY25)
- So, we expect our run rate to be around Rs 750 to 800 crores of revenue, and a PAT should be around Rs 135 to (management committed by H1 FY25)
Evidence
- Natco Pharma Limited has informed the Exchange regarding Outcome of Fund Raising Committee Meeting approving the Letter of Offer for Rights Issue(opens the original filing in a new tab)
- Earlier statement · Q2 FY25
- Latest statement · Q2 FY25
- Earlier statement · Q2 FY25
How CapitSignal classified this
- Reasoning:
- The proposed rights issue could raise up to ₹12,794 million for the company, while existing shareholders will need to assess their participation to maintain their relative ownership. The filing does not state the use of proceeds in the provided text.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%