In furtherance to the previous intimation letters submitted by the Company, in respect of its proposed issue of Equity Shares on a rights basis (Rights Issue), SEPC has informed that, in accordance with (i) the Letter of Offer dated November 22, 2023, and (ii) the Basis of Allotment finalised in consultation with the Registrar to the Issue and BSE, (the Designated Stock Exchange for the Rights issue), the Rights Issue Committee of the Board of Directors of the Company has, at in its meeting held on December 22, 2023, approved the allotment of 3,83,84,615 fully paid-up Equity Shares of face value of Rs 10 each on a rights basis, at an issue price of Rs 13 per Equity Share (including premium of Rs 3 per Equity Share) to the eligible applicants. The meeting of the Rights Issue Committee commenced at 6.15 PM and completed at 6.30 PM.
The above information is a part of company’s filings submitted to BSE.
