Tag: 1:0.5

  • “Synergy Power Development Launches 1:0.5 Right Share Issue Today”

    “Synergy Power Development Launches 1:0.5 Right Share Issue Today”


    Synergy Power Development Limited (SPDL) has announced the commencement of a new issuance, offering a 2:1 (or 1:0.5) ratio of 4,032,875 units of right shares to its current shareholders. Priced at a par value of Rs. 100 per share, the issuance started on 3rd Bhadra and will continue until the closing date on 24th Bhadra, 2080, during office hours.

    This hydropower company is introducing 50% right shares, equivalent to Rs. 40.32 Crores in value, through the distribution of 4,032,875 units of right shares to its existing shareholders. With a current paid-up capital of Rs. 80,65,75,000, the company’s paid-up capital is set to grow to Rs. 120.98 Crores following the adjustment for the proposed right share issuance.

     

  • “Synergy Power Development (SPDL) Announces 1:0.5 Right Shares from Shrawan 25”

    “Synergy Power Development (SPDL) Announces 1:0.5 Right Shares from Shrawan 25”


    Synergy Power Development Limited (SPDL) has announced the issuance of its right shares through a public offer letter. The company will be offering existing shareholders the opportunity to apply for additional shares in the ratio of 2:1 (or, 1:0.5). This means for every two shares held, shareholders can apply for one additional share. The application period for these right shares will be from the 25th of Shrawan to the 13th of Bhadra, 2080. SPDL aims to issue 4,032,875 units of right shares, amounting to 50% of the company’s total value, which is Rs. 40.32 Crores.