Investment7 April 2026 at 03:21 pm
Prabha Energy Ltd Approves Allotment of 96,67,258 Partly Paid-up Equity Shares in Rights Issue
AI Summary
Prabha Energy Ltd has announced the approval of allotment of 96,67,258 Partly Paid-up Equity Shares in its Rights Issue. The allotment is at an issue price of Rs. 144/- per Rights Equity Share, which includes a premium of Rs. 143/- per Rights Equity Share. The Paid-up Equity Share Capital of the Company will be modified accordingly. The Rights Issue Committee Meeting was held on April 07, 2026, and the decision was made in accordance with the Basis of Allotment finalized in consultation with the Registrar to the Issue and approved by the National Stock Exchange of India Limited.
Key Highlights
- Prabha Energy Ltd approves the allotment of 96,67,258 Partly Paid-up Equity Shares in its Rights Issue.
- The allotment is at an issue price of Rs. 144/- per Rights Equity Share, including a premium of Rs. 143/- per Rights Equity Share.
- The Paid-up Equity Share Capital of the Company will be modified accordingly.
- The Rights Issue Committee Meeting was held on April 07, 2026.
- The decision was made in accordance with the Basis of Allotment finalized in consultation with the Registrar to the Issue and approved by the National Stock Exchange of India Limited.