Investors holding shares until Shrawan 15 will be eligible to apply for rights shares.
Shivashree Hydropower Limited has announced the book closure date for its upcoming rights share issuance. According to the decision of the company’s board of directors, the book closure will take place on Shrawan 16, 2081 B.S., for one day.
As per this schedule, shareholders who hold shares until Shrawan 15 will be eligible to apply for the rights offering.
Earlier, on Shrawan 4, 2081 B.S., the Securities Board of Nepal (SEBON) granted the company approval to issue rights shares at the rate of 100% of the current paid-up capital, in a 1:1 ratio. Based on this approval, the company will issue rights shares worth Rs. 1 arba 47 crore 64 lakh, in line with its current capital structure.
Shivashree Hydropower will issue a total of 1,47,64,000 units of rights shares at a face value of Rs. 100 per share. Citizens 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.
