Oil Exploration & Production
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 approved the allotment of 96,67,258 Partly Paid-up Equity Shares of face value of Rs. 1/- each on Rights Basis to the Eligible Equity Shareholders at an issue price of Rs. 144/- per Rights Equity Share. The balance amount shall be payable on subsequent two calls. The Paid-up Equity Share Capital of the Company has been modified accordingly. The Rights issue Committee Meeting was held on April 07, 2026, from 08:10 pm to 08:30 pm.

Key Highlights

  • Prabha Energy Ltd has approved the allotment of 96,67,258 Partly Paid-up Equity Shares.
  • The issue price is Rs. 144/- per Rights Equity Share with a premium of Rs. 143/- per Rights Equity Share.
  • The balance amount shall be payable on subsequent two calls.
  • The Paid-up Equity Share Capital of the Company has been modified.
  • The Rights issue Committee Meeting was held on April 07, 2026.