Singati Hydro Energy Unveils Book Closure Date for 100% Rights Offering
Mon, Jan 1, 2024 12:05 PM on Latest, Dividend, Bonus & Rights, Book Closure,
Singati Hydro Energy Limited (SHEL) has unveiled the book closure date for its 100% right shares on 22nd Poush, 2080. Thus, the shareholders maintained till Poush 21 are eligible for the rights offering.
The 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.
Kumari Capital is appointed as the issue manager of this offering.
As of writing, SHEL has an LTP of Rs. 286.
