SEPC allots 1.60 cr equity shares on preferential basis

Image
Capital Market
Last Updated : Sep 07 2022 | 7:31 PM IST
SEPC has allotted 1.60 crore equity shares at Rs 10 each on preferential basis to M/s. Mark AB Capital Investment LLC., as approved by the Shareholders of the Company and the Resolution Plan approved by the lenders of the Company. With this allotment, the balance investment and allotment stands at Rs 37.95 crore.

The company has also made payment towards the partial redemption of 78,830 Unlisted Reset Rate Secured Unrated Redeemable Non-Convertible Debentures Series - 1 Tranche - 1 having face value of Rs. 100/- each on 30 August 2022.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 07 2022 | 7:08 PM IST

Next Story