Strong investor participation underscores continued confidence in Fusion’s long-term growth strategy
FinTech BizNews Service
Mumbai, May 12, 2025: Fusion Finance Limited, one of India’s leading NBFC - MFIs today announced the successful completion of its Rs. 800 crore Rights Issue, which was subscribed 1.5x. The offering, launched on 15 April 2025, witnessed robust participation from existing institutional investors, including promoters Honey Rose Investment Ltd, an affiliate of Warburg Pincus LLC, and Creation Investments Fusion LLC, underscoring investors’ conviction in Fusion’s growth trajectory and business fundamentals.
The Rights Issue comprised up to 6,10,58,392 partly paid-up equity shares at a price of Rs.131 per Rights Equity Share (including a premium of Rs.121), aggregating up to Rs. 799.86 crore. The proceeds from the Rights Issue will enhance the Company’s capital adequacy, further strengthening its position as one of the most well-capitalized entities in the Indian microfinance sector.
Commenting on the successful completion, Mr. Devesh Sachdev, Managing Director, Fusion Finance Limited, said, “The strong response to our Rights Issue is a testament to the enduring trust of our shareholders in Fusion’s operational resilience and strength as a business. The additional capital will reinforce our balance sheet, enabling us to capitalize on the emerging opportunities while continuing to deliver sustainable value to all stakeholders.”
Over the past year, Fusion has made significant strides in advancing its long-term strategy including strengthening its executive leadership team. The recent appointment of Mr. Sanjay Garyali as the Chief Executive Officer was one of the key steps towards this direction. Mr. Garyali brings over 28 years of experience in the banking and finance industry with deep expertise in retail finance.
Sharing his views on the development Mr. Sanjay Garyali, Chief Executive Officer, Fusion Finance Limited said, “The success of this Rights Issue reflects the strength of Fusion’s franchise and the trust of our shareholders. This milestone event will enable us to further strengthen our foundation as we drive the next phase of our journey, with a focus on scale, sustainability and long-term value creation.”
Intermediaries to the Rights Issue:
IIFL Capital Services Limited – Lead Manager to the Issue
CRISIL Ratings Limited – Monitoring Agency to the Issue
Axis Bank Limited – Banker to the Issue
