Synergy Power Development (SPDL) to Issue Right Shares in 1:0.5 Ratio from Shrawan 25
Wed, Aug 2, 2023 1:35 PM on Latest, Dividend, Bonus & Rights,
Synergy Power Development Limited (SPDL) today has published an offer letter for the issuance of its right shares.
According to the offer letter made public by the company, it is set to open applications for its due right shares in the ratio 2:1 (or, 1.:0.5) from 25th Shrawan to 13th Bhadra, 2080.
The hydropower company will be 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.
The book closure date was scheduled on Shrawan 12, 2080.
Thus, the shareholders maintained until the same are deemed eligible for the rights offering.
