SEPC Ltd board approves 2:53 rights issue

The Rights Issue Committee of the Board of Directors of SEPC Ltd, at its meeting held today i.e., 23rd March, 2023 has considered and approved the following terms of the Rights Issue:

Instrument: Fully paid-up Equity Shares of face value of Rs.10/- each.

Total number of Equity Shares and Rights Issue size:4,99,00,000 Equity Shares of face value of Rs. 10 each, for an aggregate amount not exceeding Rs. 4,990 Lakhs;

Rights Issue Price: Rs.10/-per Equity Share, with no securities premium.

Record Date: Wednesday, March 29, 2023

Rights Issue Period:

Rights Issue Opening Date: Monday, April 10, 2023; and
Rights Issue Closing Date: Monday, April 24, 2023

Rights entitlement ratio: Two (2) rights equity share(s) for every Fifty-Three (53) fully paid-up Equity Share held by the eligible shareholders as on the Record Date.

Shares of Shriram EPC Limited was last trading in BSE at Rs. 13.38 as compared to the previous close of Rs. 13.71. The total number of shares traded during the day was 193342 in over 527 trades.

The stock hit an intraday high of Rs. 13.96 and intraday low of 13.31. The net turnover during the day was Rs. 2657648.00.

Source : Equity Bulls

Keywords

SEPC INE964H01014 RightsIssue FundRaising RecordDate