Ganesha Ecoverse Ltd Announces Allotment of 1,34,15,250 Equity Shares in Rights Issue at Rs. 35 Each
Ganesha Ecoverse Ltd, formerly known as SVP Housing Limited, has announced the allotment of 1,34,15,250 equity shares pursuant to a rights issue. The shares, with a face value of Rs. 10 each, were issued at a price of Rs. 35 each, including a premium of Rs. 25 per share. The allotment was made in the ratio of 6:5 for every 5 fully paid-up equity shares held as on the record date. The rights equity shares have been allotted following the terms set out in the Letter of Offer dated September 03, 2024, and the 'Basis of Allotment' as finalized in consultation with the Registrar to the Issue and approved by BSE Limited. The company's paid-up equity share capital has increased from 1,11,79,400 to 2,45,94,650 after the allotment. The information is available on the company's website: www.ganeshaecoverse.com.
Key Highlights
- Ganesha Ecoverse Ltd has allotted 1,34,15,250 equity shares in a rights issue.
- The shares were issued at a price of Rs. 35 each, including a premium of Rs. 25 per share.
- The allotment was made in the ratio of 6:5 for every 5 fully paid-up equity shares held as on the record date.
- The company's paid-up equity share capital has increased from 1,11,79,400 to 2,45,94,650 after the allotment.
- The allotment was made following the terms set out in the Letter of Offer dated September 03, 2024, and the 'Basis of Allotment' approved by BSE Limited.