Liberty Energy Company (LEC) Receives Final Approval from ERC to Issue 50% Right Shares
Thu, Aug 3, 2023 12:05 PM on Latest, Dividend, Bonus & Rights,
Electricity Regulatory Commission has given final approval to Liberty Energy Company Limited (LEC) to issue the right shares in the ratio of 1: 0.5 for its shareholders.
The company convened its 11th, 12th, and 13th AGM on 25th Baisakh and endorsed 50% rights shares to its shareholders. The company proposed to issue 50% right shares worth Rs. 75 Crores from the paid-up capital of Rs. 1.50 Arba. After the issue of 50% right shares, the company's paid-up capital will reach Rs 2.25 Arba.
However, the company will issue the right shares to its shareholders only after the approval of SEBON. LEC closed at Rs. 235 yesterday.
