Right Issue Status: Open [6th May 2021 to 2nd Jun 2021]
Sundaram Finance Holdings Limited, public limited company headquartered at Chennai, is preparing for the Rights Issue of 7,10,00,000 shares at Rs 50 per share (including face value of Rs 5 and premium of Rs 45 per share). The Right issue will open on 6 May and ends on 2 June 2021. The company will issue 23 right issues for every 49 fully paid-up shares held on or before the record date, 27 April 2021. Scroll the page to know more about Sundaram Finance Holdings Limited Right Issue, including business overview, financials, strengths, risks, tentative timeline, and more.
Sundaram Finance Holdings Limited is an automotive sector-focused investment company with investments in 20 portfolio companies of which 15 companies are involved across the automotive manufacturing value chain. The investments are concentrated towards the automotive space, with current investments in portfolio companies engaged in various aspects of automotive manufacturing including axles, axle housing, wheels and suspension, fuel injection equipment, precision aluminum cast products, iron castings, spare parts, and electrical equipment.
Several of their portfolio companies are market leaders in their respective segments, such as Brakes India Private Limited, which is amongst the leading suppliers of braking systems in the personal vehicle segment, Wheels India Limited, which is a key player in steel rims/wheels manufacturing as well as a key supplier on air suspension systems, Turbo Energy Private Limited, which is one of the largest turbocharger manufacturers in the domestic market, catering to all major personal vehicle OEMs as well as commercial vehicle players, Axles India Limited, which is a prominent axle housing suppliers, etc.
Sundaram Finance Holdings Ltd will utilize the net proceeds from the right issue for the following purposes:
Sundaram Finance Ltd Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|Sundaram Finance Ltd Issue Details||Values|
|Right Issue Issue Size(Shares)||7,10,00,000 Eq Shares|
|Right Issue Issue Size(Amount)||₹355 cr|
|Face Value||₹5 Per Equity Share|
|Right Issue Issue Price||₹50|
|Right Issue Record Date||27th Apr 2021|
|Right Issue Entitlement||23 right issues for every 49 shares held on the Record Date|
|Right Issue Terms of payment||Full amount of Rs. 50 is payable on application.|
Past performance and financial results of Sundaram Finance Ltd.
|Sundaram Finance Holdings Ltd Financials||31-Mar-2020||31-Mar-2019|
|Total Assets||₹192208.90 Lakh||₹245251.83 Lakh|
|Total Income||₹9846.85 Lakh||₹10265.23 Lakh|
|Net Profit/Loss||₹7813.49 Lakh||₹ 13746.23 Lakh|
In this section we have covered all important dates related to Sundaram Finance Ltd Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
|Right Issue Activity||Date|
|Right Issue Issue Open Date||6th May 2021|
|Right Issue Issue Close Date||2nd Jun 2021|
|Basis of Allotment Finalisation Date*||9th Jun 2021|
|Refunds Initiation*||10th Jun 2021|
|Credit of Shares to Demat Account*||11th Jun 2021|
|Right Issue Listing Date*||15th Jun 2021|
* - Tentative Dates
Do you know you could save the brokerage cost significantly by moving to online discount stock broker? Our expert team compare top share brokers in India to help investors like you. STOP paying Demat AMC, brokerage in %, PCM fee and high stamp duty today.
Sundaram Finance Ltd Right Issue Offer Document (Letter of Offer) >>Document
Sundaram Finance Ltd Right Issue Online Application (Registrar & Transfer Agent) >>Sundaram Finance Ltd Right Issue RTA information is not yet available.
Last Updated on 2021-04-23T11:29:33+00:00