Environmental and Sustainability Achievement
Successful Fund Raising - Rights Issue
SKIPPER
Limited
The company successfully concluded the issue of 1.03 crores partly paid up equity shares on right basis to the eligible
shareholders @ Rs 194 per right share (including a premium of Rs 193/RE share) aggregating total of Rs 200 crores approx.
The planned fund raise via right issue are in multiple calls - In First tranche the company raised approx. Rs 50 Crores (25% of
value).
The right issue received strong response from both existing shareholders as well as from other investors and witnessed
participation from both domestic and foreign public shareholders
The issue was oversubscribed approximately 1.77 (x) times.
Mr Sharan Bansal, Director
"The success of our capital raise is a strong demonstration of the confidence that our
existing shareholders and new shareholders have in the prospects of the company and
underscore their belief in our abilities to leverage the growth opportunities offered by
the sector. This infusion will help finance our growth ambition and will allow us to
emerge with a stronger balance sheet and increased flexibility"
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