Last Day to Be Eligible for 1: 0.50 Rights Offering of Synergy Power Development Company
Thu, Jul 27, 2023 6:45 AM on Dividend, Bonus & Rights, Book Closure, Latest,
Today is the last day to be eligible for the rights offering of Synergy Power Development Company (SPDL).
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 is appointed as the issue manager.
The book closure date is on Shrawan 12, 2080. Thus, the shareholders maintained till today are eligible for the rights offering. The last traded price as of yesterday stood at Rs 254.80 per share.
