Joshi Hydro Power Rights Share Application Deadline Extended!
Are you looking for investment opportunities in the Nepali stock market? Here’s an important update for investors interested in Joshi Hydro Power Development Company Limited. The rights share application deadline has been extended! If you’re wondering how to invest in hydro power and looking for the latest stock market news, read on!
Originally set to close on July 31st, the application period for Joshi Hydro Power’s rights share has been extended. Investors now have until September 4th (Bhadau 19th) to apply. This is great news for those who were still considering adding Joshi Hydro Power shares to their investment portfolio.
The company is issuing a rights share at a ratio of 0.65 shares for every 1 share held. This means for every one share you own, you’re eligible to purchase 0.65 additional shares. These shares are offered at a face value of NPR 100 per share. The total offering amounts to 24,14,100 shares, representing a total value of NPR 24,14,10,000.
Important dates: Remember, to be eligible, you needed to be a shareholder as of June 21st (Asar 8th) which was the book close date.
How to Apply for Rights Shares:
Interested investors can apply through several channels. The issuance and sales manager is Lakshmi Sunrise Capital Limited. Applications can be submitted through:
- The issuance manager.
- The company’s office.
- Lakshmi Sunrise Bank’s branch in Ilam.
- Banks and financial institutions participating in the ASBA service.
- The “Mero Share” system, allowing for online application – a convenient option for digital investing!
Understanding the Risk:
It’s crucial to understand the risks associated with investing. CARE Ratings Nepal has assigned a rating of “CARE-NP B (Is)” to the company for this rights issue. This rating indicates a high risk in meeting financial obligations on time. Always conduct thorough financial analysis and consult a financial advisor before making any investment decisions. Be sure to stay updated on the latest market trends.
Don’t miss this opportunity! Stay informed on NEPSE, IPO updates, and other investment strategies. Keep track of stock market performance and investment strategies in Nepal. This rights issue presents a chance to increase your stake in Joshi Hydro Power and potentially benefit from its future performance. Always stay informed on financial news to enhance your investment knowledge!
