Chhyangdi Hydropower Limited (CHL) has closed its 10:3 ratio rights offering on Falgun 02. The issue had opened on 11th Magh.

A total of 8,93,025 shares were issued to eligible shareholders at a par value of Rs. 100 per unit. This will raise Rs. 8,93,02,500 for the company. Poush 21 was the book closure date for the rights offering. Thus, shareholders maintained before that day could apply for the right shares.

According to CDSC, 27,740 eligible shareholders applied for a total of 5,82,824 shares. Thus, this rights offering could only receive a 65.26% subscription.

Thus, the remaining 3,10,201 shares will now be auctioned. CHL closed at Rs. 480 today. Considering a conservative average auction rate of Rs. 350,…


Read full article at ShareSansar.com


Leave a Reply

Your email address will not be published.


You May Also Like

Too Many Bad News in Single Day: NEPSE Loses 2.17% and Closes at 2,661.44 – |

The NEPSE index closed at 2,661.44 today after losing 58.99 points from…

Last Day to Apply for IPO of Emerging Nepal Limited – |

Emerging Nepal Limited is closing its IPO issue today. Investors have till…

IPO of Emerging Nepal Limited Oversubscribed 40.58 Times by 18,02,182 Applicants, IPO Closes on Sunday – |

Emerging Nepal Limited has issued 5,55,600 units worth Rs 5.5 crore as Initial…

Dolti Power Company appoints NIC ASIA Capital as issue manager to float shares in IPO; 4.5 MW project to go public – |

Dolti Power Company has appointed NIC ASIA Capital as the issue manager…

IPO of Emerging Nepal Limited Closes With 24,15,919 Profit-Hungry Applicants – |

Emerging Nepal Limited has closed its IPO issue today. The investment company…