“Deadline Extended for 1:0.50 Rights Offering by Synergy Power Development”


Synergy Power Development Limited (SPDL) has decided to extend the deadline for its rights offering. The rights offering commenced on the 3rd of Bhadra, 2080, and was initially set to conclude on the 24th of Bhadra. However, the company has now extended the deadline to the 31st of Bhadra, 2080.

In this rights offering, SPDL is issuing 50% right shares, valued at Rs. 40.32 Crores, by issuing 4,032,875 units of right shares to its existing shareholders. Currently, the company’s paid-up capital stands at Rs. 80,65,75,000. Following the adjustment of the proposed right shares, the paid-up capital of the company will increase to Rs. 120.98 crores.

Sanima Capital Limited has been appointed as the issue manager for this right share offering.

Earlier, SPDL had announced the book closure date for the rights offering, which was Shrawan 12. Shareholders who held shares before that date are eligible to apply for the rights offering.

 

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