Barun Hydropower Company Limited is closing the application period for its ongoing right share issue tomorrow, August 4 (Shrawan 19). The company opened the offering on July 15 (Ashar 31) and is issuing a total of 5,358,150 right shares at a face value of Rs. 100 per share, amounting to a total of Rs. 535.8 million.
The company had announced a book closure date of June 5 (Jestha 22), meaning only those shareholders who held shares until June 4 (Jestha 21) are eligible to apply. Credit rating agency CARE Ratings Nepal has assigned Barun Hydropower a CARE-NP BB rating, indicating a moderate credit risk.
The issue is being managed by RBB Merchant Banking Limited. Interested investors can apply through RBB Merchant Banking, selected branches of Nepal Rastra Bank, participating banks and financial institutions offering C-ASBA services, or via the Mero Share online platform.
According to CDS and Clearing Limited, as of 10 AM on Sunday, a total of 25,551 applicants had already applied for 3,162,775 units of right shares. With limited time remaining, eligible shareholders are advised to complete their applications promptly.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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