SEPC Limited approves 1:36 rights issue

The Board of Directors of SEPC Limited, at its meeting held today i.e., November 16, 2023 has considered and approved the following terms of the proposed Rights Issue:

Instrument: Fully paid-up Equity Shares of face value of Rs.10/- each.

Total number of Equity Shares and Rights Issue size: 3,83,84,615 Equity Shares of face value of Rs.10 each, for an aggregate amount not exceeding Rs. 4,990 Lakhs.

Rights Issue Price: Rs.13/- per Equity Share (inclusive of securities premium of Rs.3/-)

Record Date: Tuesday, November 28, 2023

Rights Issue Period:

(a) Rights Issue Opening Date: Wednesday, December 06, 2023; and
(b) Rights Issue Closing Date: Monday, December 18, 2023

Rights entitlement ratio: One (1) rights equity share(s) for every Thirty-Six (36) fully paid-up Equity Share held by the eligible shareholders as on the Record Date

Other terms of the Rights Issue (including renunciation): To be included in the Letter of Offer to be filed by the Company with BSE Limited and National Stock Exchange of India Limited.

Shares of SEPC Limited was last trading in BSE at Rs. 23.38 as compared to the previous close of Rs. 24.00. The total number of shares traded during the day was 1387060 in over 3023 trades.

The stock hit an intraday high of Rs. 24.50 and intraday low of 23.13. The net turnover during the day was Rs. 32794025.00.

Source : Equity Bulls

Keywords

SEPC INE964H01014 FundRaising RightsIssue RecordDate 1For36