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| Issue Open | May 6, 2021 |
| Issue Close | Jun 4, 2021 |
| Issue Size (Shares) | 7.10 Crores |
| Issue Size (Amount) | ₹355.00 Crores |
| Issue Price | ₹50 per Share |
| Listing At | NSE |
Sundaram Finance Holdings Rights Issue Timetable
| Last Date for credit of Rights Entitlements | May 5, 2021 |
| Last Date for renunciation of Rights Entitlements | May 28, 2021 |
| Issue Opening Date | May 6, 2021 |
| Issue Closing Date | Jun 4, 2021 |
| Allotment Date | Jun 10, 2021 |
| Shares Credit Date | Jun 11, 2021 |
| Listing Date | Jun 15, 2021 |
Sundaram Finance Holdings Rights Issue price is set at ₹50 per Share. The Sundaram Finance Holdings Rights Issue opens on May 6, 2021, and closes on Jun 4, 2021, for the subscription.
The allotment of Sundaram Finance Holdings Rights Issue is expected to happen on or about Jun 10, 2021 as per the issue schedule.
Sundaram Finance Holdings Rights Issue expected to list on or around Jun 15, 2021.
The credit of Sundaram Finance Holdings Rights Issue in Demat account is expected on or about Jun 11, 2021 as per the issue schedule.
The Net Proceeds from the Issue are proposed to be utilized towards: 1. Acquisition of additional shareholding in Brakes India Private Limited (BIPL) from ZF International UK Limited (ZF); and 2. General corporate purposes.
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