Limited (“Seller”), through the stock exchange mechanism (the “Notice”). time in this regard, including (a) “Revised Operational Guidelines for Offer for Sale (OFS). (b) “Revised operating guidelines of Offer for Sale” issued by NSE by way of its circular bearing.
undertaking Rights Issue of the Fully Paid-up Equity Shares of the Company. Alia, considered and approved the following terms of the Rights Issue. Rights Issue of fully paid-up Equity Shares.
Why it matters
CapitSignal interpretation
Existing holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. against Reliance NU Suntech Private Limited, a subsidiary of the Company by Solar Energy. Corporation of India Limited is enclosed herewith as Annexure 1.
Why it matters
CapitSignal interpretation
Litigation creates a contingent liability that is not in reported profit until it crystallises.
Litigation creates a contingent liability that is not in reported profit until it crystallises.
What happened
Fact
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. against Reliance NU Suntech Private Limited, a subsidiary of the Company by Solar Energy. Corporation of India Limited is enclosed herewith as Annexure 1.
Existing holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
What happened
Fact
undertaking Rights Issue of the Fully Paid-up Equity Shares of the Company. Alia, considered and approved the following terms of the Rights Issue. Rights Issue of fully paid-up Equity Shares.
Update 3 of 5 in a matter ongoing since Procedural
Distressinsolvency
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
An offer for sale places existing shares into the market, so the register changes and the price is set by the floor rather than the screen.
What happened
Fact
Limited (“Seller”), through the stock exchange mechanism (the “Notice”). time in this regard, including (a) “Revised Operational Guidelines for Offer for Sale (OFS). (b) “Revised operating guidelines of Offer for Sale” issued by NSE by way of its circular bearing.
