Barun Hydropower Company Limited has opened applications for its 100% rights share issue from Asar 31, aiming to raise Rs. 53.58 crore through the issuance.
Rights Share Issuance Details
Barun Hydropower is offering rights shares at a 1:1 ratio — meaning shareholders will receive one new share for every share they currently hold. A total of 53,58,150 shares are being issued at a par value of Rs. 100 per share. The total size of the issue amounts to Rs. 53 crore 58 lakh 15 thousand.
Only shareholders who held shares before the book closure date of Jestha 22 are eligible to apply. The application window will remain open until Shrawan 19.
The company has received a ‘CARE-NP BB’ rating from CARE Ratings Nepal, indicating an average degree of credit risk.
Application Process and Sales Manager
RBB Merchant Banking Limited is the issue manager for this rights offering. Eligible investors can submit their applications through RBB Merchant, various branches of Nepal Rastra Bank, or any bank and financial institution offering C-ASBA services. Applications can also be submitted online through the “Mero Share” platform.
Capital Expansion and Use of Funds
Prior to this rights issue, Barun Hydropower’s paid-up capital stood at Rs. 53 crore 58 lakh 15 thousand. After the completion of the issue, the company’s capital will double to Rs. 1 arba 7 crore 16 lakh 30 thousand.
Out of the total raised amount, Rs. 1.58 crore will be used for the reconstruction of the Hewakhola Hydropower Project. Meanwhile, Rs. 52 crore will be invested in and used for the acquisition of Jalshakti Hydropower.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
