SEPC Rights Issue Oversubscribed: ₹350 Crore Raised

Imagine a company called SEPC that needed money.

They offered new shares to existing shareholders at a discounted price, a 'rights issue'.

This means people who already owned shares could buy more at a lower price.

The company aimed to raise ₹350 crore.

Turns out, more people wanted to buy the new shares than were available, showing it was popular.

The money raised will help pay off debts and fund the company's operations.

The shares are partly paid now, and the rest will be paid later.

If you were a shareholder, you had the 'right' to buy more shares, which could make you money if the stock price goes up.

The stock price has had mixed performance recently.