Cressanda Solutions Rights Issue

Cressanda Solutions Rights Issue will open for subscription from 27 June 2023. the company aims for an issue size of ₹49.30 Crores through this rights Issue.

About the company

Incorporated in 1983, Cressanda Solutions Limited is engaged in providing Information technology (IT), Digital Media, and IT-enabled services. The company provides two types of products: Technology nXT and Infra nXT. Technology nXT introduces disruptiveness in business processes to lower TAT (Turnaround time), incorporate simplicity, and standardization of business operations, enabling domain expertise and offering value-for-money solutions to the end customer. As part of the Technology nXT strategy, the company has acquired ‘Lucida Technologies’ a Bangalore-based Technology firm specializing in the areas of Digital and Analytics solutions, Machine Learning, and Artificial Intelligence.

Infra nXT projects will boast of Infrastructure projects based on the concept of tech n touch, to deliver efficient, connected, resilient, and agile assets, to build efficiency in operation, lowering TAT, and increasing employment, across industries. Focusing on verticals like healthcare, education, livelihood, financial services, and transportation amongst others.

Objectives of the Issue

Cressanda Solutions Rights Issue Timetable

Last Date to buy shares15 June 2023
Record Date16 June 2023
Credit of Rights Entitlements
Bid/Offer Opens On27 June 2023
Renunciation of Rights Entitlements05 July 2023
Bid/Offer Closes On11 June 2023
Deemed Date of Allotment
Credit Date
Listing Date

Cressanda Solutions Rights Issue Details

Issue OpenJun 27, 2023 – Jul 11, 2023
Security NameCressanda Solutions Limited
Issue Size (Shares)24,649,206
Issue Size (Amount)₹49.30 Crores
Issue Price₹20 per share
Face Value₹1 per share
Listing AtBSE
Terms of PaymentThe full amount is payable on application.
Entitlement6 Rights Equity Share(s) for every 97 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Company Contact Information

Cressanda Solutions Limited
Flat no.12A, 3rd Floor,
Embassy Centre, Jamnalal Bajaj Marg,
Plot no 207, Nariman Point Mumbai – 400 021

Phone: +91-8169245676

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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