Baid Finserv Limited Rights Issue (Baid Finserv Rights Issue 2025) Detail

Rights Issue Timetable

Incorporated on December 20, 1991. Baid Finserv Ltd is a Non-Banking Financial Company (NBFC) licensed by the Reserve Bank of India. Baid Finserv specializes in providing various financial products, such as car loans, new and used commercial vehicle loans, MSME loans, loan against property, and other asset-backed loans.

Baid Finserv is focused on serving customers in semi-urban and rural areas, primarily in Rajasthan, and has also expanded its operations to Madhya Pradesh. The goal of the company is to make finance available at reasonable rates and deliver services transparently, especially to sectors where access to organized credit is limited. Baid Finserv is committed to building trust and serving its customers with integrity and transparency, creating value for all stakeholders, including employees, vendors, investors, and lenders.

Objects of the Issue:

The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:

1. Augment the capital base of our Company and resources for meeting funding requirements for the Company’s business activities including onward lending;
2. Repayment and/or prepayment, in full or in part, of certain identified borrowings availed by the Company from banks and financial institutions; and
3. General corporate purposes.