Deadline Extended for 1: 0.50 Rights Offering of Synergy Power Development

Synergy Power Development Limited (SPDL) has extended its rights offering deadline. The company opened its rights offering on 3rd Bhadra, 2080. The issue was supposed to close today, i.e. on 24th Bhadra. The rights offering will now conclude on 31st Bhadra, 2080.

The hydropower company has been issuing 50% right shares worth Rs. 40.32 Crores through the issue of 4,032,875 (1: 0.50) units of right shares to its existing shareholders. The current paid-up capital of the company is Rs. 80,65,75,000. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 120.98 crores.

Sanima Capital Limited is appointed as the issue manager of this right share.

Previously, the company had unveiled the book closure date for its rights offering which was Shrawan 12. Thus, shareholders maintained before that day are entitled to apply for the rights offering.

Extended Notice