Synergy Power Development Company (SPDL) Unveils Book Closure Date for 50% Rights Offering

Synergy Power Development Company (SPDL) has unveiled the book closure date for its 50% right shares on Shrawan 12, 2080. Thus, the shareholders maintained before that are eligible for the rights offering.

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.

As of writing, SPDL has an LTP of Rs. 248.