Buddha Bhumi Nepal Hydropower Company Limited has announced that today, Magh 29, 2082, is the final day for shareholders to apply for its rights share issuance. The company has set Falgun 1, 2082, as the book closure date, meaning only shareholders recorded until today will be eligible to apply.
The company plans to issue rights shares at a 1:1 ratio, representing 100% of its current paid-up capital. Accordingly, 40 lakh shares worth NPR 40 crore will be offered to existing shareholders.
NIC Asia Capital Limited has been appointed as the issue manager for the rights shares. The Nepal Securities Board (SEBON) granted approval for the issuance on Magh 21, 2082. The company had submitted its application to SEBON on Falgun 12, 2081.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
