Sahas Urja Limited (SAHAS) Announces Lucrative Bonus Share and Cash Dividend!
Big news for Sahas Urja Limited (SAHAS) shareholders! The company has just announced a proposal that includes a generous 21% bonus share distribution and a 1.1053% cash dividend. This exciting decision was greenlit during the Board of Directors meeting on Kartik 24, 2082.
The cash dividend is specifically earmarked to cover the tax liabilities associated with the issuance of these enticing bonus shares. It’s a win-win!
But that’s not all! Following the distribution of the bonus shares, Sahas Urja Limited (SAHAS) plans to further expand its capital through a rights issue. The proposed rights shares will be offered in a 1:1 ratio, calculated on the adjusted paid-up capital.
This proposal, however, is contingent upon receiving prior approval from the Electricity Regulatory Commission. Once approved, the proposal will be tabled for final ratification during the company’s upcoming Annual General Meeting.
So, what will Sahas Urja Limited (SAHAS) do with all the funds raised through the rights issue? The company intends to strategically invest the proceeds into the development and expansion of other promising hydropower projects. This move signifies Sahas Urja Limited (SAHAS)’s commitment to growing its portfolio and contributing to the hydropower sector. Keep an eye on Sahas Urja Limited (SAHAS) stock!
