RADHI Plans Significant Right Share Issuance: What Investors Need to Know
Radhi Bidyut Company Limited (RADHI) is making headlines with its recent announcement of a proposed right share issuance. Following a recent Board of Directors meeting, the company has decided to offer right shares to its existing shareholders in a ratio of 1:0.6989. This means for every one share you currently own, you’ll have the opportunity to purchase approximately 0.6989 additional shares. This move represents a substantial increase, equivalent to 69.89% of the company’s current paid-up capital.
The approved right shares will be based on RADHI’s existing paid-up capital of Rs. 1.83 Arba. While the Electricity Regulatory Commission has already given its nod of approval for this issuance, the final green light is still pending. Investors are eagerly awaiting the Securities Board of Nepal’s (SEBON) approval, which is a critical step before the right share offering can proceed. This financial news is significant for those interested in investment opportunities within the hydropower sector.
For potential investors keeping a close watch on RADHI’s stock performance, the share price closed at Rs. 639.00 in the latest market session. This stock market information is crucial for making informed decisions regarding RADHI’s upcoming right share offering. Keep an eye on further updates regarding SEBON’s decision and the official launch date of the right share issuance to maximize your investment strategy. This company news is especially important for those looking to diversify their investment portfolio with a focus on the energy sector.
