Kathmandu. Dordi Khola Hydropower Limited is opening the issue and sale of right shares from today, Chaitra 19. The company is going to issue right shares at a ratio of 100 percent of the current paid-up capital, that is, 1 new share for every 1 share currently held by the company.
The company will issue 1 crore 542 thousand 604 right shares at a face value of Rs 100 per share, equivalent to Rs 1 billion 542 million 60 thousand 400.
The company had closed its books on Falgun 15 for the purpose of issuing right shares. Accordingly, shareholders who have been traded on Nepse till Falgun 13 can apply for those right shares. Applications for the company’s rights shares can be submitted until 2082, Baisakh 8.
ICRA Nepal has assigned the company an ICRA AP Issuer Rating of B Plus in the rating conducted for the rights issue. This indicates a high risk in the company’s ability to meet its financial obligations on time.
Sanima Capital Limited is the company’s share issue and sale manager. Investors can apply through the sales manager as well as Sanima Bank’s Biratnagar, Birgunj, Pokhara, Rupandehi, Banke, Surkhet, Dhangadhi and Lamjung branch offices.
Similarly, banks and financial institutions participating in ASVA service and their designated branch offices, as well as CDS and Clearing Limited, can also apply through the ASVA system using the software ‘Mero Share’ online.
