SEPC Limited — QIP/Rights/Pref., 16-04-2025: Rights Issue

SEPC Limited has announced a board meeting regarding a proposed Rights Issue intending to raise up to ₹35,000 Cr through the issuance of partly paid-up equity shares. The entitlement ratio, issue price, and record date are yet to be defined. The funds are aimed at servicing non-convertible debentures, repaying existing borrowings, enhancing working capital, and covering general corporate purposes. The application process will require a payment of 50% of the issue price upfront, with the remaining 50% to be paid upon the first and final call.