Kathmandu. Today is the last day to secure the right shares of Barun Hydropower Company. The company has decided to close the book on June 15 to issue right shares. This means that only the shareholders who have been retained till June 15 will be eligible to fill the right shares of this company.
The Securities Board of Nepal had on May 12 allowed Barun Hydropower to issue right shares in the ratio of 1:1, i.e. 100 percent of the existing paid-up capital.
The company will issue right shares worth Rs 535.81 million to its shareholders. Accordingly, the company will sell a total of 5,358,150 units of right shares at a face value of Rs 100 each. After the sale of the right shares, the paid-up capital of the company will reach Rs 1.07 billion.
RBB Merchant Banking is the right share sale manager of the company.
