Three listed companies have submitted applications to the Nepal Securities Board (SEBON) seeking approval to issue rights shares. The companies include Dolti Power Limited, Oriental Hotels Limited, and Bhugol Energy Development Limited.
According to SEBON records, Dolti Power, Oriental Hotels, and Bhugol Energy submitted their applications on Mangsir 25, Mangsir 29, and Poush 9, respectively.
Dolti Power Limited has proposed a rights issue in the ratio of 1:0.9618 (96.18% of existing paid-up capital). The company has requested approval to issue 51,59,860 rights shares worth NPR 51.59 crore. NIC Asia Capital Limited has been appointed as the issue manager for this rights offering.
Oriental Hotels Limited plans a rights issue in the ratio of 10:2.663 (26.63% of existing paid-up capital). The company has applied to SEBON for approval to issue 31,55,050 shares worth NPR 31.55 crore. NMB Capital Limited has been appointed as the issue and sales manager for the offering.
Bhugol Energy Development Limited has proposed a rights issue in the ratio of 1:0.8866 (88.66% of existing paid-up capital). The company seeks approval to issue 48,23,840 shares worth NPR 48.23 crore, with NIC Asia Capital Limited managing the issuance.
Once SEBON grants approval, all three companies will proceed with their rights share issuance processes.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
