Rights Issue Amid Execution Uncertainty Onix Solar's ₹250 crore rights issue targets debt-free funding for a 2,400 MW solar facility, improving leverage ratios and interest coverage while reducing financial distress risk. However, critical red flags emerge: the failed preferential issue signals investor confidence concerns, while concurrent board resignations suggest governance instability. Capital structure strengthens substantially if fully subscribed, enhancing future borrowing capacity and debt covenant compliance. Success hinges on shareholder subscription rates and management credibility restoration. For creditors, enhanced equity cushion improves debt safety; for equity holders, dilution risk accompanies uncertain execution timelines before revenue generation.

Rights Issue Amid Execution Uncertainty Onix Solar's ₹250 crore rights issue targets debt-free funding for a 2,400 MW solar facility, improving leverage ratios and interest coverage while reducing financial distress risk. However, critical red flags emerge: the failed preferential issue signals investor confidence concerns, while concurrent board resignations suggest governance instability. Capital structure strengthens substantially if fully subscribed, enhancing future borrowing capacity and debt covenant compliance. Success hinges on shareholder subscription rates and management credibility restoration. For creditors, enhanced equity cushion improves debt safety; for equity holders, dilution risk accompanies uncertain execution timelines before revenue generation.

Rights Issue Amid Execution Uncertainty Onix Solar's ₹250 crore rights issue targets debt-free funding for a 2,400 MW solar facility, improving leverage ratios and interest coverage while reducing financial distress risk. However, critical red flags emerge: the failed preferential issue signals investor confidence concerns, while concurrent board resignations suggest governance instability. Capital structure strengthens substantially if fully subscribed, enhancing future borrowing capacity and debt covenant compliance. Success hinges on shareholder subscription rates and management credibility restoration. For creditors, enhanced equity cushion improves debt safety; for equity holders, dilution risk accompanies uncertain execution timelines before revenue generation.

Rights Issue Amid Execution Uncertainty Onix Solar's ₹250 crore rights issue targets debt-free funding for a 2,400 MW solar facility, improving leverage ratios and interest coverage while reducing financial distress risk. However, critical red flags emerge: the failed preferential issue signals investor confidence concerns, while concurrent board resignations suggest governance instability. Capital structure strengthens substantially if fully subscribed, enhancing future borrowing capacity and debt covenant compliance. Success hinges on shareholder subscription rates and management credibility restoration. For creditors, enhanced equity cushion improves debt safety; for equity holders, dilution risk accompanies uncertain execution timelines before revenue generation.