Sahas Urja Limited to Sell 1:1 Right Share
September 18, 2024 | Investopaper
Sahas Urja Limited (SAHAS) is planning to sell right shares to the shareholders. The company has decided to float the right shares in the ratio 1:1. This means that the shareholders with 100 shares can apply for the additional 100 shares.
For this purpose, the company is taking the agenda of issuing right shares to its upcoming Annual General Meeting (AGM) to be held on Karthik 7, 2081 BS. After the approval from the general meeting, the company will begin the procedures for the right offering.
As of Ashad’s end 2081 BS, SAHAS has a paid up capital of Rs 350 crores. After the inclusion of the proposed 8 percent bonus share, the capital will increase to Rs. 378 crores. The company will issue the right shares on this capital.
Hence, the company has plans to sell right shares worth Rs. 378 crores. After the right issue, the paid-up capital will reach Rs. 756 crores.
