Barun Hydropower Company Limited is set to issue 53.58 lakh right shares at NPR 100 each from Asar 31, increasing its paid-up capital to over 1 Arba after the rights issue is completed.
Barun Hydropower Company Limited will begin issuing a 100% right share offering starting from Asar 31. The company plans to issue 5,358,150 shares at an assigned value of NPR 100 per share, maintaining a 1:1 ratio for the rights issue. This proposal has already received approval from the Nepal Securities Board.
The company had set the book closure date on Jestha 22, which means only shareholders registered in the Nepal Stock Exchange (NEPSE) by Jestha 21 are eligible to apply for the rights shares. The last date for submitting applications is Asar 19.
Barun Hydropower has been rated CARE-NP BB Issuer Rating by CARE Ratings Nepal, indicating a high risk associated with timely fulfillment of financial obligations. The company has appointed RBB Merchant Banking Limited to manage the issuance and sale of the rights shares.
Interested investors can submit applications through RBB Merchant Banking and the branch offices of Rastriya Banijya Bank in Virgunj, Janakpur, Narayangadh, Baglung, Butwal, Nepalgunj, Birendranagar, Dhangadhi, Birtamod, Hetauda, Tulsipur, Mahendranagar, Chainpur, Khandbari, and Dharan. Additionally, applications can be submitted via all authorized banks and financial institutions participating in the C-ASBA service approved by the Nepal Securities Board, as well as through the Meroshare system.
Currently, Barun Hydropower’s paid-up capital stands at NPR 53 crore 58 lakh 15 thousand. After the completion of this rights issue, the capital will increase to NPR 1 arba 7 crore 16 lakh 30 thousand.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
