SEPC Ltd approves allotment of 4,99,00,000 shares on rights basis

In accordance with (i) the Letter of Offer dated March 23, 2023, and (ii) the Basis of Allotment finalised in consultation with the Registrar to the Issue and BSE Limited, (the Designated Stock Exchange for the Rights issue), the Rights Issue Committee of the Board of Directors of SEPC Ltd has, at in its meeting held today, i.e., May 02, 2023, approved the allotment of 4,99,00,000 fully paid-up Equity Shares of face value of ₹ 10/- each on a rights basis, at an issue price of ₹ 10 per Equity Share (including premium of ₹ NIL per Equity Share) to the eligible applicants.

Shares of Shriram EPC Limited was last trading in BSE at Rs. 10.75 as compared to the previous close of Rs. 10.82. The total number of shares traded during the day was 180338 in over 550 trades.

The stock hit an intraday high of Rs. 10.91 and intraday low of 10.60. The net turnover during the day was Rs. 1941045.00.

Source : Equity Bulls

Keywords

SEPC INE964H01014 SharesAllotment RightsIssue