Shiva Cement Limited Right Issue 2024

Shiva Cement Limited, established in 1985, specializes in manufacturing clinker and trading related products. The company’s production facility is strategically located near the borders of three eastern Indian states: Odisha, Chhattisgarh, and Jharkhand.

The facility boasts a clinker production capacity of 4,000 tons per day (1.32 million tons per year), an 8.9 MW waste heat recovery system, and its own 132KV power line. Additionally, the company is in the process of establishing a 4 million tons per year limestone crushing plant at its Khatkurbahal mines in Odisha.

As of June 30, 2023, Shiva Cement Limited employs 225 permanent staff.

Shiva Cement Limited is offering a Right Issue valued at Rs 400.00 Crores. The subscription for this Right Issue will be open from April 22, 2024, to May 06, 2024. For every fully paid-up equity share held on the record date of April 3, 2024, shareholders are entitled to ₹20 Rights equity shares. The face value of each share is Rs. 2, with the Right Issue price set at Rs. 40 per share.

Shiva Cement Limited Right Issue Detail Overview 2024

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