Right Alert! Issue of 1: 1 Right Shares of Singati Hydro Energy Opening from Today

Singati Hydro Energy Limited (SHEL) is opening the issue of a 1:1 ratio of right share to its shareholders at a par value of Rs. 100 from today i.e. on 2nd Falgun to 22nd Falgun, 2080.

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.

Poush 22 was the book closure date. Thus, the shareholders maintained before that day were eligible for the rights offering.

Opening Notice: