Buddhabhumi Hydropower Company Limited will issue 100% rights shares to its shareholders starting Chaitra 22. Based on the company’s current paid-up capital of NPR 40 crore, it plans to issue 40 lakh shares at NPR 100 per share in a 1:1 ratio.
Only shareholders whose shares were registered and traded on the Nepal Stock Exchange (NEPSE) up to Magh 29 will be eligible to apply. Applications can be submitted during banking hours from Chaitra 22 to Baisakh 13.
The company has been assigned an “IRN Double B Issuer Rating” by Infomerics Credit Rating Nepal, indicating a moderate level of risk in its financial obligations.
After the rights issue and allotment, the company’s paid-up capital will increase from NPR 40 crore to NPR 80 crore. NIC Asia Capital Limited has been appointed as the issue and sales manager for this rights share offering.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
