Investors can now apply for the 1:1 rights issue until Bhadra 3.
Barun Hydropower Company Limited has extended the application deadline for its ongoing 1:1 rights offering until Bhadra 3. The company is issuing 53,58,150 units of right shares, equivalent to Rs. 53 crore 58 lakh 15 thousand, allowing existing shareholders to purchase one new share for every share currently held.
As per the earlier announcement, the book closure date was set for Jestha 22, meaning shareholders recorded by Jestha 21 are eligible to apply. Investors who held shares before this cutoff date can submit applications within the extended period.
The rights offering is being managed by RBB Merchant Banking Limited. Interested shareholders can apply through the Mero Share online portal or from institutions that offer C-ASBA services.
According to CARE Ratings Nepal, Barun Hydropower has been assigned a “CARENP BB Issuer Rating”, which indicates a moderate level of credit risk. This rating reflects the company’s financial position and risk outlook at the time of issuance.
Following the completion of the rights issue, Barun Hydropower’s paid-up capital will increase to Rs. 1 arba 7 crore. The company plans to utilize the funds for two key purposes. A total of Rs. 1.58 crore will be used for the reconstruction of the damaged Hewakhola Hydropower Project, and Rs. 52 crore will be invested in Jalashakti Hydro, a separate hydropower development initiative.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
Terhathum Power Completes Rights Share Allotment – Bajarko Chirfar English
