Singati Hydro Energy Limited (SHEL) has announced the book closure date for its upcoming issuance of 100% right shares, set for the 22nd of Poush, 2080. Consequently, shareholders holding their positions until Poush 21 will be entitled to participate in the rights offering.
The company intends to distribute 100% right shares valued at Rs. 1.45 Arba by issuing 14,500,000 (1:1) units of right shares to its existing shareholders. Currently, the paid-up capital stands at Rs. 1.45 Arba. Following the adjustment for the proposed right share issuance of 1.45 crore units, the company’s paid-up capital is slated to increase to Rs. 2.90 Arba.
To oversee the proceedings of this offering, Kumari Capital has been appointed as the issue manager.
At the time of reporting, SHEL has a Last Traded Price (LTP) of Rs. 286.