Latest news with #SEPC
Mint
26-06-2025
- Business
- Mint
SEPC rights issue 2025 worth ₹350 crore oversubscribed. Did you apply for this small-cap stock under ₹20?
SEPC share price was volatile on Thursday despite a strong rally in the broader Indian stock market today. SEPC announced the closure of its rights issue of shares worth ₹ 350 crore with heavy oversubscription. SEPC rights issue was launched on June 9, and closed on June 23. The company issued 35,00,00,000 partly paid-up equity shares aggregating to ₹ 350 crore, having issue price of ₹ 10 per share on a rights basis to the eligible equity shareholders of the company. The rights issue ratio was 11:50, which is eleven Rights Equity Share for every fifty fully paid-up equity shares held as on record date i.e. May 23, 2025. The payment schedule for SEPC rights issue being partly paid up was 50% i.e. ₹ 5 per share payable with the Application and balance 50% payable on First and Final call. SEPC rights issue was subscribed by 2.12 times. The rights issue resulted in subscription of 74,35,19,173 shares resulting in oversubscription by 2.12 times, SEPC said in a regulatory filing on June 25. The funds raised via rights issue will be used for funding for payment of Non-Convertible Debentures including redemption and interest, repayment or pre-payment, in full or part, of certain borrowings availed by the company, and funding for increasing the additional Margin of Non- Fund Based Limits, the company said. The funds will also be used to augment the existing and incremental working capital requirement of the company and for general corporate purpose, it added. The allotment and listing formalities of the new shares on the BSE and NSE are expected to be completed on or about Friday, 27 June 2025 and Tuesday, 8 July 2025 respectively, the company said. SEPC share price has fallen over 3% in one month, and has dropped 35% on a year-to-date (YTD) basis. The smallcap stock has declined 23% in one year, but has rallied 67% over the past two years. SEPC shares have delivered multibagger returns of 175% in five years. At 2:50 PM, SEPC share price was trading 0.79% lower at ₹ 13.81 apiece on the BSE.
Mint
26-06-2025
- Business
- Mint
SEPC rights issue 2025 worth ₹350 crore oversubscribed. Did you apply for this small-cap stock under ₹20?
SEPC share price was volatile on Thursday despite a strong rally in the broader Indian stock market today. SEPC announced the closure of its rights issue of shares worth ₹ 350 crore with heavy oversubscription. SEPC rights issue was launched on June 9, and closed on June 23. The company issued 35,00,00,000 partly paid-up equity shares aggregating to ₹ 350 crore, having issue price of ₹ 10 per share on a rights basis to the eligible equity shareholders of the company. The rights issue ratio was 11:50, which is eleven Rights Equity Share for every fifty fully paid-up equity shares held as on record date i.e. May 23, 2025. The payment schedule for SEPC rights issue being partly paid up was 50% i.e. ₹ 5 per share payable with the Application and balance 50% payable on First and Final call. SEPC rights issue was subscribed by 2.12 times. The rights issue resulted in subscription of 74,35,19,173 shares resulting in oversubscription by 2.12 times, SEPC said in a regulatory filing on June 25. The funds raised via rights issue will be used for funding for payment of Non-Convertible Debentures including redemption and interest, repayment or pre-payment, in full or part, of certain borrowings availed by the company, and funding for increasing the additional Margin of Non- Fund Based Limits, the company said. The funds will also be used to augment the existing and incremental working capital requirement of the company and for general corporate purpose, it added. The allotment and listing formalities of the new shares on the BSE and NSE are expected to be completed on or about Friday, 27 June 2025 and Tuesday, 8 July 2025 respectively, the company said. SEPC share price has fallen over 3% in one month, and has dropped 35% on a year-to-date (YTD) basis. The smallcap stock has declined 23% in one year, but has rallied 67% over the past two years. SEPC shares have delivered multibagger returns of 175% in five years. At 2:50 PM, SEPC share price was trading 0.79% lower at ₹ 13.81 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
25-06-2025
- Business
- Time of India
SEPC, IAMAI sign MoU to promote digital services exports
The Services Export Promotion Council (SEPC) and the Internet and Mobile Association of India have signed an MoU to promote India's digital services exports and strengthen the global presence of Indian digital businesses, a statement said on partnership will promote international market access, address trade-related policy challenges, and build export readiness for India's emerging digital sectors, the statement collaboration aims to align institutional efforts in shaping India's leadership in global digital trade, it has been set up by the Ministry of Commerce and Industry. The MoU envisions the establishment of joint working groups with government ministries and regulators concerned to address trade-related bottlenecks faced by digital services exporters. SEPC Director General Abhay Sinha said, "India's digital sector holds immense potential in the global services economy. Through this partnership with IAMAI , we aim to create meaningful opportunities for digital enterprises to grow their international footprint and benefit from structured policy and trade support." Internet and Mobile Association of India (IAMAI) President Dr. Subho Ray stated that the two entities will focus on promoting key high-potential verticals, including AdTech , FinTech , HealthTech , SaaS, Digital Entertainment, Edutech, Agri Summit, and Cross-Border E-commerce .
Time of India
25-06-2025
- Business
- Time of India
SEPC, IAMAI sign MoU to promote digital services exports
The Services Export Promotion Council ( SEPC ) and the Internet and Mobile Association of India have signed an MoU to promote India's digital services exports and strengthen the global presence of Indian digital businesses, a statement said on Wednesday. The partnership will promote international market access, address trade-related policy challenges , and build export readiness for India's emerging digital sectors, the statement said. The collaboration aims to align institutional efforts in shaping India's leadership in global digital trade , it added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Swollen Prostate? Do This Every Morning And Feel The Change In Just Days! Health Benefits Undo SEPC has been set up by the Ministry of Commerce and Industry. The MoU envisions the establishment of joint working groups with government ministries and regulators concerned to address trade-related bottlenecks faced by digital services exporters. Live Events SEPC Director General Abhay Sinha said, "India's digital sector holds immense potential in the global services economy. Through this partnership with IAMAI , we aim to create meaningful opportunities for digital enterprises to grow their international footprint and benefit from structured policy and trade support." Internet and Mobile Association of India (IAMAI) President Dr. Subho Ray stated that the two entities will focus on promoting key high-potential verticals, including AdTech , FinTech , HealthTech , SaaS, Digital Entertainment, Edutech, Agri Summit, and Cross-Border E-commerce .
Business Standard
25-06-2025
- Business
- Business Standard
SEPC successfully raises Rs 350 cr via rights issue
SEPC announced that it has achieved successful closure of rights issue of 74,35,19,173 partly paid-up equity shares aggregating to Rs 350 crore having issue price of Rs 10/- per equity share (including a share premium of Rs nil per share) (the issue price) on a rights basis to the eligible equity shareholders of our Company closed successfully on 23 June by Capital Market - Live News
