Mangalam Industrial Finance Ltd. Rights Issue Open Now, Issue closes November 14, 2025
Mangalam Industrial Finance Ltd. (MIFL) (BSE: 537800), a leading Non- Banking Financial Company (NBFC), has announced that the company has extended its rights issue. The company’s rights issue is open now, and will close on November 14, 2025. The company’s right’s issue is an issue of 48,08,21,750 equity shares at an Issue Price of ₹ 1 Per Share, aggregating up to INR 48.08 Cr. The net proceeds from the Rights Issue will be used to augment its capital base and provide funding requirements to expand its operational scale in relation to its NBFC activities. Earlier, the company announced its strategic commitment to financing electric mobility solutions through a new Fleet Financing initiative. As part of its forward-thinking approach to reducing carbon footprints and contributing to the national goal of sustainability, MIFL will provide funding to electric vehicle (EV) fleet operators across the country. This effort is a major step towards supporting the transition to a cleaner, more sus...