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Sterling And Wilson Renewable Energy informs about allotment of equity share

15 Dec 2023 Evaluate
In continuation of its earlier letter dated December 14, 2023, Sterling And Wilson Renewable Energy has informed that, in respect of the Issue, the Securities Issuance Committee of the Board of Directors at its meeting held on December 14, 2023, approved the issue and allotment of 4,32,27,665 Equity Shares to eligible qualified institutional buyers at the issue price of ? 347 per Equity Share, at a premium of ? 346 per Equity Share, (which included a discount of ? 18.02 (4.94% of the floor price) to the floor price of ? 365.02 per Equity Share) aggregating to ? 1,500 Crore, pursuant to the Issue. Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased to ? 23,29,76,837 consisting of 23,29,76,837 Equity Shares. Further, it has attached the list of allottees who have been allotted more than 5% of the Equity Shares offered in the Issue, marked as Annexure 1. The shareholding pattern of the Company, before and after the Issue, will be submitted along with the listing application in the format specified in Regulation 31 of the SEBI Listing Regulations. The Issue opened on Monday, December 11, 2023 and closed on Thursday, December 14, 2023 and the same was intimated through its letters dated December 11, 2023 and December 14, 2023 respectively. The meeting of the Securities Issuance Committee commenced at 23:35 pm and concluded at 23:45 pm. The above information is also available on the website of the Company at www.sterlingandwilsonre.com.

The above information is a part of company’s filings submitted to BSE.

Sterling and Wilson Share Price

194.30 0.80 (0.41%)
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