The News CartelThe News Cartel
    What's Hot

    Star-studded Celebration of Ganapati, Mata Ki Chowki and 25 Years of community service

    August 30, 2025

    ChargeZone Partners with SBI to Boost EV Charging Infrastructure via DoCo Program in India

    August 30, 2025

    Even rain could not stop the singing of praises of God – ‘Lal Bagh Ka Raja’ Ganpati Festival witnessed huge crowd of devotees

    August 30, 2025
    Facebook Twitter Instagram
    The News CartelThe News Cartel
    • Home
    • News
      • Business
      • Education
      • Entertainment
      • Health
      • National
      • Lifestyle
      • Technology
      • World
    The News CartelThe News Cartel
    Home»Business»SEPC Ltd Announces INR 35 Crore Rights Issue; Bags INR 18 million Order from Bajaj Energy
    Business

    SEPC Ltd Announces INR 35 Crore Rights Issue; Bags INR 18 million Order from Bajaj Energy

    Shruti JoshiBy Shruti JoshiMay 19, 2025No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Chennai (Tamil Nadu) [India], May 19:SEPC Limited (formerly Shriram EPC Ltd), a leading EPC services provider, has announced a Rights Issue to raise up to ₹35 crore through the issuance of partly paid-up equity shares. The company’s Board of Directors approved the issue terms on May 13, 2025.

    The Rights Issue comprises 34.98 crore partly paid-up equity shares at a face value of ₹10 each. The issue price is ₹10 per share, to be paid in two installments—₹5 on application and the remaining ₹5 on the first and final call. The Record Date to determine shareholder eligibility has been fixed as Friday, May 23, 2025.

    The subscription window for the Rights Issue will open on Monday, June 9, 2025, and close on Monday, June 23, 2025. Eligible shareholders will be entitled to subscribe to 11 Rights Equity Shares for every 50 fully paid-up equity shares held as of the Record Date. The total issue size and share allotment are subject to final subscription and completion of the Basis of Allotment.

    In a separate development, SEPC has secured five new Operation & Maintenance contracts from Bajaj Energy Private Limited, aggregating to ₹18 million. The contracts pertain to Bajaj Energy’s five 45 MW power plants located in Barkhera Kalan, Maqsoodpur, Khambarkhera, Utraula, and Kundarki in Uttar Pradesh. The services are set to commence from May 14, 2025, with a tenure of 12 months for each site.

    SEPC Ltd operates across sectors including water and wastewater treatment, infrastructure, power, metallurgy, and mineral processing. Domestic Institutional Investors hold a 25.16% stake in the company, with major shareholders including Punjab National Bank, Central Bank of India, The South Indian Bank, Axis Bank, Bank of India, IndusInd Bank, Union Bank of India, Bank of Baroda, and The Federal Bank.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

    Business
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleGeM-Digital-Governance: A National Shift Towards Transparent Procurement
    Next Article Worlds Largest Rigid Plastics Summit Highlights Growth in Injection Blow Moulding PET and Recycling
    Shruti Joshi
    • Website

    Related Posts

    ChargeZone Partners with SBI to Boost EV Charging Infrastructure via DoCo Program in India

    August 30, 2025

    Authentic Shilajit: Why ACTIZEET Leads the Market

    August 30, 2025

    Amanta Healthcare Limited Raised INR 37.80 Crore Via Anchor Investors Prior To IPO Launch

    August 30, 2025
    Add A Comment

    Comments are closed.

    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    [fluentform id="4"]
    Advertisement
    Facebook Twitter Instagram Pinterest YouTube
    Top Insights
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    [fluentform id="4"]
    © 2025 The News Cartel.
    • Home

    Type above and press Enter to search. Press Esc to cancel.