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The Board of SEPC at its meeting held on 16 November 2023 has approved the following terms of the proposed rights issue:
1. Instrument: Fully paid-up Equity Shares of face value of Rs.10/- each.
2. Total number of Equity Shares and Rights Issue size: 3,83,84,615 Equity Sharesof face value of Rs.10 each, for an aggregate amount not exceeding Rs. 4,990 Lakhs.
3. Rights Issue Price: Rs.13/- per Equity Share (inclusive of securities premium of Rs.3/-)
4. Record Date: Tuesday, 28 November 2023
5. Rights Issue Period:
(a) Rights Issue Opening Date: Wednesday, 06 December 2023; and
(b) Rights Issue Closing Date: Monday, 18 December 2023
6. Rights entitlement ratio: One (1) rights equity share(s) for every Thirty-Six (36) fully paid-up Equity Share held by the eligible shareholders as on the Record Date
7. Other terms of the Rights Issue (including renunciation): To be included in the Letter of Offer to be filed by the Company with BSE Limited and National Stock Exchange of India Limited
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