Kathmandu: Khanikhola Hydropower Company is set to issue rights shares starting from 19 August.
The company will offer a 1:1 ratio rights issue, equivalent to 100 percent of its current paid-up capital.
As per the announcement, shareholders will be eligible to apply for one new share for every existing share they hold. The company plans to issue 4,657,143 units of rights shares at a face value of Rs 100 per share, amounting to a total offering of Rs 465,714,300.
To facilitate the rights offering, the company closed its books on 11 July. Therefore, shareholders who held shares and completed transactions on or before 10 July will be eligible to apply for the rights shares.
Applications for the rights shares will be accepted until 8 September.
Currently, Khanikhola Hydropower has a paid-up capital of Rs 465.71 million.
After the issuance and allocation of the rights shares, the company’s paid-up capital will double to Rs 931.42 million.
Comment Here