Rapti Hydro and General Construction Limited’s rights share issuance, which began on Asar 1, concludes today. Eligible shareholders have until the end of the day to apply for the 1:1 rights offering priced at Rs. 100 per share.
Rapti Hydro and General Construction Limited has announced that today, Asar 24, is the final day to apply for its rights share offering. The company began issuing 61,27,938 units of rights shares from Asar 1 at a ratio of 1:1 to its existing paid-up capital, priced at Rs. 100 per share.
Only shareholders who purchased shares by Jeth 5 are eligible to apply. ICRA Nepal has assigned the company a “B Minus” credit rating, indicating a high risk regarding its financial obligations. Muktinath Capital Limited is serving as the issue manager for this rights offering
Investors can submit their applications through Muktinath Capital, the company’s office, branches of Muktinath Bikas Bank, or online via the C-ASBA system and the ‘Mero Share’ platform. After the issuance, the company’s paid-up capital will reach 1 arba 22 crore rupees.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
