SEPC Ltd allots 1.6 crore shares to Mark AB Capital Investment LLC

The Allotment Committee of the Board of Directors of SEPC Ltd met today, considered and approved the allotment of 1,60,00,000 (One Crore Sixty Lakh) equity shares @ Rs. 10/- each on preferential basis (totalling to Rupees Sixteen Crore only) to M/s. Mark AB Capital Investment LLC., as approved by the Shareholders of the Company and the Resolution Plan approved by the lenders of the Company.

The Company has made payment towards the early partial redemption of 78,830 Unlisted Reset Rate Secured Unrated Redeemable Non-Convertible Debentures Series - 1 Tranche - 1 having face value of Rs. 100/- each on 30th August, 2022.

Source : Equity Bulls

Keywords

SEPC PreferentialIssue SharesAllotment MarkABCapitalInvestmentLLC