The rights issue began on the 31st of Shrawan and is set to conclude tomorrow, the 19th of Bhadra, 2080, at the close of banking hours.
The company’s current paid-up capital is Rs. 4.13 Arba, and it will rise to Rs. 5.78 Arba after the proposed rights issue. In this new offering, the hydropower company will distribute rights at a ratio of 1:0.40, resulting in a total of 1 crore 65 lakh 33 thousand 137 right shares with a face value of Rs. 100 each.
The Securities Board of Nepal (SEBON) approved the issuance of these rights shares on Ashad 6. The company had formally applied for permission from the board on the 6th of Chaitra.
Laxmi Capital Markets Limited has been appointed as the issue manager for this rights offering.