Today marks the final day for individuals to qualify for Ghalemdi Hydro Limited’s (GHL) rights offering. The company is set to distribute 200% right shares valued at Rs. 1.10 Arba, achieved by issuing 11,000,000 (1:2) units of right shares to its current shareholders. This move is in line with GHL’s intention to secure at least a 51% stake in the Chujung Khola hydropower project, which is a 63 M.W. PRoR project located in Sankhuwasabha and promoted by Shangrila Urja Pvt. Ltd.
GHL’s existing paid-up capital stands at Rs. 55 Crores. Upon the execution of the proposed right share issuance, which amounts to 1.10 crore units, the company’s paid-up capital will substantially increase to Rs. 1.65 Arba.
Muktinath Capital has been designated as the issue manager for this process.
The book closure date for this offering is set for Kartik 03, 2080. Consequently, shareholders holding shares as of today will be eligible for the rights offering. As of the most recent data available, the last traded price for GHL shares was Rs. 175 per share.
Highlights:
- Last Day for Eligibility: Api Power Company Limited’s Rights Offering Draws to a Close
- “Final Day for Eligibility: Upper Tamakoshi Hydropower 1:1 Rights Offering”
- Singati Hydro Energy Limited Announces Book Closure Date for 100% Right Share Issuance
- Singati Hydro Energy Limited Announces 100% Right Share Issue: Last Trading Day for Eligibility Approaches
- Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition