Book Closure for 100% right share of Sanima Mai Hydropower on Shrawan 10; floating 1.055 cr units
Wed, Jul 12, 2017 10:21 AM on Latest, Featured, Book Closure, Stock Market,

Sanima Mai Hydropower Limited (SHPC) has announced book closure date for its upcoming 1:1 (100%) right share issue. As per the notice published by Hydropower Company today, the book closure date has been set for Shrawan 10, 2074.
Only those shareholders holding shares one trading day ahead of the book closure date i.e. until Shrawan 9, 2074 are eligible to apply for the right shares. SHPC will be floating a total of 1,05,50,000 units right shares to its shareholders at a face value of Rs 100 per share.
Sunrise Capital Limited is the issue manager for this right issue.
SHPC has earned net profit of Rs 26.05 crore in the third quarter of FY 2073/74. Its current paid up capital remains at Rs 1.05 arba. After the issuance of 100% right share, its paid up capital will reach Rs 2.11 arba.