Shiva Shree Hydropower Announces 100% Rights Share Issue: Your Guide to Investing
Are you looking for investment opportunities in the Nepali stock market? Then pay attention! Shiva Shree Hydropower Company Limited is set to issue rights shares, presenting a chance for existing shareholders to increase their holdings. This is a significant development for investors and we’re breaking down everything you need to know.
Beginning on Bhadra 19th (which translates to around early September), Shiva Shree Hydropower will be offering a rights issue. They are issuing these rights shares at a 1:1 ratio, meaning for every share you currently own, you can purchase one new share. This represents a 100% rights issue – a significant opportunity!
The rights issue consists of 14,764,000 units of rights shares, each with a face value of Rs. 100. This brings the total value of the rights issue to approximately Rs. 1.476 billion. This represents a chance for shareholders to further participate in the growth of Shiva Shree Hydropower.
Book Closing Date:
To be eligible for the rights shares, you needed to have been a shareholder as of Shrawan 15th (around late July). The book close date was set for Shrawan 16th, meaning if you held Shiva Shree Hydropower shares on or before that date, you are eligible.
How to Apply for the Rights Share
The application deadline for these rights shares is Asar 8th (around late September/early October). Don’t miss this important investment date! You can obtain the application forms and submit them through various channels:
- Citizens Capital Limited is the issue manager for this rights issue.
- Citizens Bank International: You can apply through various branches of Citizens Bank International, including locations in Kathmandu, Biratnagar, Birgunj, Pokhara, and more.
- C-ASBA (C-ASBA): You can also apply through the C-ASBA system offered by participating banks and financial institutions.
- Mero Share: Through Mero Share, you can also apply.
Investment Strategy & Tips
This rights share issuance is a key event to watch for stock market investors. Keep an eye on share price fluctuations. This is a great opportunity for stock market investors to potentially increase their stake in Shiva Shree Hydropower.
Don’t forget to perform market analysis and due diligence before making any investment decisions. Consider your risk tolerance and financial goals.
Stay informed and stay ahead!
