Kathmandu. Today is the last day to secure the right shares of Khanikhola Hydropower Company. The company has decided to close the book for the purpose of issuing the right shares on July 15. This means that the shareholders will be able to fill the right shares of this company till July 30.
The Securities Board of Nepal had given permission to Khanikhola Hydropower to issue rights on June 15. The Securities Board of Nepal (Sebi) has allowed Khanikhola Hydropower to issue 100 per cent right shares in the ratio of 1:1 of its paid-up capital.
The company will now issue right shares worth Rs 465.71 million to its shareholders. Accordingly, the company will sell a total of 4,657,143 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 931.428 million. Citizens Capital is the right sales manager of the company.
