1 year ago
SEPC Limited Announces Rights Issue to Raise Rs 350 Crore
SEPC Limited, a company in India, is offering a Rights Issue to raise money.
This means they are giving current shareholders the chance to buy more shares at a special price.
The company aims to collect Rs 350 Crore by selling new shares at Rs 10 each.
Shareholders will pay Rs 5 per share initially and the rest later.
The money will be used to pay off debt, fund projects, and improve the company's finances.
The Chairman stated this will help the company grow and take advantage of infrastructure opportunities.
SEPC Limited announced a Rights Issue to open on June 9, 2025, to raise Rs 350 Crore.
The issue involves 35,00,00,000 equity shares at a face value of Rs 10 each.
Rights Issue price is Rs10 per share, with Rs 5 paid on application.
Shareholders are entitled to 11 shares for every 50 shares held.
The funds will be used for debt repayment, working capital, and general corporate purposes.
- Who
- SEPC Limited, an EPC player in various sectors.
- What
- A Rights Issue to raise Rs 350 Crore.
- Where
- Mumbai, India.
- When
- The Rights Issue opens on June 9, 2025.
- Why
- To enhance financial resilience, fund projects, and support growth initiatives.
Key facts
- Issue Size
- Rs 350 Crore
- Share Price
- Rs 10
- Payment Terms (Initial)
- Rs 5
- Right Entitlement
- 11 for every 50 shares held
- Opening Date
- June 9, 2025
- Renunciation Of RE
- June 17, 2025
