Renewable energy developer Resus Energy announces Rs.1.2 bn debenture issue

Renewable energy developer Resus Energy is to raise up to Rs.1.2 billion via a listed debenture issue.
Accordingly, the company plans to issue 12 million listed, rated, unsecured, senior, redeemable debentures at par value of Rs.100 each.
The issue is subject to necessary regulatory approvals, the company said.
For the six months ended September 30,2021, Resus Energy reported consolidated earnings of Rs.2.94 per share or Rs. 232.4 million compared to earnings of Rs.1.53 per share or Rs.115.8 million the corresponding period of the previous year.

The revenue for the period rose 46 percent year-on-year to Rs.433.3 million.
The group’s asset base as at September 30, 2021 was Rs.4.5 billion and had retained earnings of Rs.685.8 million. The net asset per share was Rs.18.56 compared to Rs.16.35 six months ago. Trydan Partners owns 32.54 percent of the issued shares of Resus Energy while ACL Cables and Ayenka Holdings have 32.53 percent and 18.21 percent stakes, respectively.