Sahas Energy and NRN Infrastructure Development have submitted applications to the Nepal Securities Board seeking approval to issue rights shares. Both companies have proposed a 1:1 ratio, meaning a 100% rights issue based on their current paid-up capital.
If approved, Sahas Energy will issue rights shares worth Rs. 4.5738 billion, distributing a total of 45,738,000 shares to its existing shareholders at a face value of Rs. 100 per share. NIMB S Capital has been appointed as the issue manager for Sahas Energy’s rights share offering.
Similarly, NRN Infrastructure plans to issue rights shares worth Rs. 1.798121199 billion upon approval. This will result in the distribution of 17,981,211.99 shares to existing shareholders at a face value of Rs. 100 per share. Prabhu Capital has been appointed as the issue manager for NRN Infrastructure’s rights share issuance.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
