Sundaram Finance Holdings Rights Issue

Sundaram Finance Holdings Rights Issue Details

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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 On06 May 2021
Bid/Offer Closes On02 June 2021
Record Date27 April 2021
Deemed Date of Allotment10 June 2021
Renunciation of Rights Entitlements28 May 2021

Rights Issue Details

Security NameSundaram 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 Lot1 per share
Listing AtNSE
Terms of PaymentThe full amount of Rs.50 per Rights Equity Share is payable on Application.
Entitlement23 Rights Equity Share for every 49 Equity Shares held on the Record Date

Company Financials

ParticularsFor the year/period ended (Rs. in Crores)
Total Assets1,922.092,452.51
Total Revenue98.47102.65
Profit After Tax78.13137.46

Sundaram Finance Holdings Rights Issue Registrar

cameo Corporate Services Limited
Subramanian Building # 1, Club House Road,
Chennai 600 002 – India

Phone: +91-44-28460390

Company Contact Information

Sundaram Finance Holdings Limited
21, Patullos Road,
Chennai – 600 002,
Tamil Nadu, India.

Phone: +91 44 2852 1181

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

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