Sundaram Finance Holdings Rights Issue will open for subscription from 06 may 2021. the company aims for an issue size of ₹355 Crores through this rights issue.
Sundaram Finance Holdings Limited
SFHL is an investment company focused on the automotive space with investments in 20 portfolio companies, of which 15 companies are involved in the automotive manufacturing value chain. The products manufactured by these companies include axles, axle housing, wheels and suspension, fuel injection equipment, precision aluminium cast products, iron castings, spare parts, and electrical equipment. Several of these portfolio companies are market leaders in their respective segments.
SFHL also provide support services like Information Technology enabled services in areas of accounting, insurance, banking, human resources, telecom, etc. and administrative, managerial, maintenance, transaction and document processing, data entry, reconciliation, training and orientation, and other support services to their Key portfolio companies and various third parties through our Subsidiary.
Objects of the Issue
- Acquisition of additional shareholding in Brakes India Private Limited (BIPL) from ZF International UK Limited (ZF); and
- General corporate purposes.
Issue Timetable
| Bid/Offer Opens On | 06 May 2021 |
| Bid/Offer Closes On | 02 June 2021 |
| Record Date | 27 April 2021 |
| Deemed Date of Allotment | 10 June 2021 |
| Renunciation of Rights Entitlements | 28 May 2021 |
Rights Issue Details
| Security Name | Sundaram Finance Holdings Limited |
| Issue Size (Shares) | 7.10 Crores |
| Issue Size (Amount) | ₹355.00 Crores |
| Issue Price | ₹50 per share |
| Face Value | ₹5 per share |
| Market Lot | 1 per share |
| Listing At | NSE |
| Terms of Payment | The full amount of Rs.50 per Rights Equity Share is payable on Application. |
| Entitlement | 23 Rights Equity Share for every 49 Equity Shares held on the Record Date |
Company Financials
| Particulars | For the year/period ended (Rs. in Crores) | |
|---|---|---|
| 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,922.09 | 2,452.51 |
| Total Revenue | 98.47 | 102.65 |
| Profit After Tax | 78.13 | 137.46 |
Sundaram Finance Holdings Rights Issue Registrar
cameo Corporate Services Limited
Subramanian Building # 1, Club House Road,
Chennai 600 002 – India
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://online.cameoindia.com/
Company Contact Information
Sundaram Finance Holdings Limited
21, Patullos Road,
Chennai – 600 002,
Tamil Nadu, India.
Phone: +91 44 2852 1181
Email: investorservices@sundaramholdings.in
Website: http://www.sundaramholdings.in/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing