Buddhabhumi Nepal Hydropower Company Limited has extended the deadline for its ongoing rights share application period. Now, investors can apply for the rights shares until Baisakh 28. The company had initially opened the rights issue from Chaitra 22, issuing shares in a 1:1 ratio, which is equal to 100% of its existing paid-up capital. Under this issuance, a total of 40 lakh shares worth Rs 40 crore are being offered. The rights share issue is being managed by NIC Asia Capital Limited as the issue and sales manager, while the company had received approval from the Securities Board of Nepal (SEBON) on Magh 21. The company has set Falgun 1 as the book closure date, meaning only shareholders registered up to Magh 29 are eligible to apply for the rights shares.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
