सिक्लेस हाइड्रोपावर लिमिटेड Announces Dividend and Rights Issue! Your Investment Insights
Hey stock market enthusiasts! Get ready for some exciting news from सिक्लेस हाइड्रोपावर लिमिटेड! The company has announced a fantastic dividend payout and a significant rights issue, which is sure to impact investors in the Nepali stock market. Let’s dive into the details and see what this means for you and your investment portfolio.
Sikles Hydropower has decided to reward its shareholders with a generous dividend based on profits from the previous two fiscal years. The board of directors, in their meeting on August 10, 2024, approved a dividend of 15% bonus shares. This means that for every share you own, you’ll receive additional shares! Additionally, they’ve declared a cash dividend of 0.789% to cover the associated tax liabilities. This is a great move for shareholders, increasing their investment return and demonstrating the company’s financial strength. This is a great time to consider investing in hydropower companies.
But that’s not all! Beyond the dividend, सिक्लेस हाइड्रोपावर Limited plans to issue rights shares in a 1:1 ratio, equivalent to 100% of the paid-up capital after the bonus share distribution. The primary purpose of this rights issue is to raise capital for future hydroelectric projects. This signals the company’s ambitious growth plans and its commitment to expanding its presence in the renewable energy sector. This presents a good opportunity for those looking to invest in the stock market. This also strengthens the overall financial performance of the company.
Before this, they must get pre-approval from the Electricity Regulatory Commission for the rights issue. The proposal will then be presented to the upcoming Annual General Meeting (AGM). While the exact date of the AGM hasn’t been finalized yet, shareholders should stay tuned for further announcements. Investing in Nepal’s stock market is a great way to boost your financial goals. Keep up-to-date with the latest news for a better investment strategy.
This is a positive development for सिक्लेस हाइड्रोपावर लिमिटेड and a great opportunity for investors. It’s a clear indication of the company’s commitment to growth and its dedication to rewarding its shareholders. Stay informed, do your due diligence, and make smart investment decisions. Stay updated with the latest news!
