Prabha Energy Fund Raise of ₹45.94 Cr
Prabha Energy approved a rights issue of 9.67 million shares at ₹47.52 each, raising about ₹45.94 Crore. The record date is set for July 9, 2026.
- Value
- ₹45.94 Cr
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Prabha Energy approved a rights issue of 9.67 million shares at ₹47.52 each, raising about ₹45.94 Crore. The record date is set for July 9, 2026.
Prabha Energy's Rights Issue Committee approved converting 88,97,316 partly paid shares to 67% paid-up. This follows receipt of first call money under the rights issue.
Prabha Energy Limited issued a first call notice for ₹47.52 per partly paid-up equity share. Shareholders must make payments by June 09, 2026.
Prabha Energy Limited fixed May 08, 2026, as the Record Date for its first call notice on 96,67,258 partly paid-up equity shares. Shareholders must pay ₹47.52 per share, representing 33% of the ₹144.00 issue price. The total call amount involves approximately ₹45.94 Crore.
Prabha Energy Limited's Rights Issue Committee approved the allotment of 96,67,258 partly paid-up equity shares at an issue price of ₹144 per share (total value ₹139.21 Crore). Application money of ₹48.96 per share was paid, with the balance due in subsequent calls. This expands the company's capital base for strategic growth.
Prabha Energy Ltd has successfully closed its rights issue of partly paid-up equity shares on April 06, 2026. The issue, which opened on March 20, 2026, aimed to raise approximately ₹139.21 Crore. This capital raise strengthens the company's financial position for future initiatives.