Final Three Days Remaining to Apply for 1: 1 Right Shares of Singati Hydro Limited
Sun, Mar 3, 2024 9:26 AM on Latest, Dividend, Bonus & Rights,
Singati Hydro Energy Limited (SHEL) is closing its 1: 1 ratio right shares to its shareholders from 22nd Falgun.
The issue opened on the 2nd Falgun and will close on the 22nd Falgun, 2080, at the end of banking hours.
The hydropower company will be issuing 100% right shares worth Rs. 1.45 Arba through the issue of 14,500,000 (1: 1) units of right shares to its existing shareholders. The current paid-up capital of Rs. 1.45 Arba. After the adjustment of the proposed right share i.e. 1.45 crore units, the paid-up capital of the company will increase to Rs. 2.90 Arba.
The hydropower company claims that the decision to issue the right shares has been taken to generate funds for investment into other companies as well as for debt clearance.
Kumari Capital Limited is appointed as the issue manager for this right issue.
The book closure date was on Poush 22. Thus, the shareholders maintained before that day are eligible for the rights offering.
