Himalayan Power Partner has submitted an application to SEBON to issue rights shares equivalent to 50% of its paid-up capital.
Board Application for Rights Issue
Himalayan Power Partner Limited has applied to the Securities Board of Nepal (SEBON) seeking approval to issue rights shares. The company submitted its proposal on Asar 24, aiming to issue rights shares equivalent to 50% of its current paid-up capital.
Rights Issue Details
Under the proposed plan, the company will issue the rights shares in a 1:0.5 ratio. The total issue size will be 53 crore 27 lakh 8 thousand 500 rupees, amounting to 53 lakh 27 thousand 85 shares.
| Rights Issue Ratio | 1 : 0.5 |
|---|---|
| Total Amount (Rs.) | 53 crore 27 lakh 8 thousand 500 |
| Total Shares (Units) | 53 lakh 27 thousand 85 |
Issue Manager Appointment
Global IME Capital Limited has been appointed as the issue manager for this rights offering.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
