SAR Televenture Ltd Right Issue 2024
- Published Date: July 16, 2024
- Updated Date: July 16, 2024
- By Team Choice
SAR Televenture Limited is launching a Rights Issue worth Rs 200 crore, available for subscription from 15 July 2024 to 22 July 2024. Shareholders will be entitled to 1 Rights equity share for every 1 fully paid-up equity share they own as of the record date, 9 July 2024. Each share has a face value of Rs. 2, and the issue price is set at Rs. 200 per share.
Stay tuned with us for comprehensive details on SAR Televenture Limited's 2024 Rights Issue, including the issue size, entitlement, payment terms, and more.
Objectives Of SAR Televenture Ltd Right Issue:
The company intends to allocate the Net Proceeds for the following purposes:
- Establishing Fiber-to-the-Home (FTTH) network solutions to reach 300,000 homes.
- Installing an additional 1,000 4G/5G telecom towers.
- Meeting the company's increasing working capital needs.
- General corporate purposes.
SAR Televenture Limited Rights Issue Of Shares Detail Overview 2024
| Corporate Action | |
|---|---|
| Security Name | SAR Televenture Ltd |
| Issue Open/Close | July 15, 2024-July 22, 2024 |
| Record Date | July 9, 2024 |
| Issue Size (Amount) | ₹300.00 Crores |
| Issue Size (Shares) | ₹15,000,000 |
| Right Issue Price | ₹200 per share |
| Face Value | ₹2 Per Shares |
| CMP | ₹244 |
| Renunciation of Rights Entitlements | July 16, 2024 |
| Terms of Payment | The full amount of Rs. 200/- per equity shares is payable on application. |
| Entitlement | 1 Rights Equity Share for every 1 fully paid-up Equity Shares held on Record Date. |
Disclaimer: The Information compiled by CEBPL on a best efforts basis from information CEBPL received from third party vendors, believed to be reliable. The information may contain errors or omissions; and is subject to change without prior or additional notice. CEBPL provides corporate action information that may be of interest or relevance to CEBPL clients. This does not constitute a recommendation or advice by CEBPL, and CEBPL Clients may not rely upon it. CEBPL does not warrant that the information provided is accurate, timely, or complete. CEBPL Clients are urged to verify the information prior to using it in their investing and trading decisions, including, but not limited to, referral to independent financial news resources, company announcements, and regulatory filings or disclosures. "Investment in securities market are subject to market risks, read all the related documents carefully before investing". Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of retums to investors. Name of Compliance Officer-Prashant Salian Email Id-Prashant.salian@choiceindia.com Contact no. 022-67079999-Ext-2310. Name of Grievance Officer-Deepika Singhvi-Email Id-ig@choiceindia.com, Contact no. 022-67079999-Ext-834. www.choiceindia.com
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