Kathmandu. Rapti Hydro and General Construction has fixed the date of book closure for issuing right shares.
A meeting of the company held on Friday decided to close the book on May 15 to issue the right shares. This means that only the shareholders who have been retained till May 30 will be able to fill the right shares of this company.
The Securities Board of Nepal (SEBI) on May 12 allowed Rapti Hydro to issue 100 per cent right shares in the ratio of 1:1 of its existing paid-up capital. The company will now issue right shares worth Rs 612.79 million to its shareholders. Accordingly, the company will sell a total of 6,127,983 units of right shares at a face value of Rs 100 each.
After the right sale, the paid-up capital of the company will reach Rs 1.22 billion. Muktinath Capital is the right share sale manager of the company.
