Solara Active Pharma Sciences finalizes terms of proposed rights issue

Solara Active Pharma Sciences finalized terms of the proposed rights issue to raise Rs. 449.95 crore.

The Issue price approved by the Committee is Rs. 375/- per equity share of FV of Rs. 10/- each (including a premium of Rs. 365/- per equity share.

The shareholders will be entitled to receive 1 (one) equity share for every 3 (three) equity shares held by them in the Company as on the record date, which is 15 May 2024.

The issue will initially be partly paid followed by 2 calls as under:
Application money (35%) - June 2024
First call (35%) - April 2025
Final call (30%) - April 2026

 

The issue is scheduled to open on 28 May 2024 and will close on 11 June 2024.

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