Kathmandu. Barun Hydropower Company Limited has extended the deadline to apply for the right shares that have been opened for issue and sale since June 15. Applications can now be made for 100 percent right shares issued by the company till August 30.
The company has issued right shares in the ratio of one unit equal to the existing one unit share. Accordingly, the company has issued 5,358,150 units of right shares worth Rs 535.81 million with face value of Rs 100 per share.
The company had closed the book for the purpose of issuing the right shares on June 15. According to this, the shareholders who have been traded in NEPSE till June 15 can apply for the right shares.
Care Rating Nepal has given careNP double B issuer rating to the company in the rating made for the right issue. This indicates that there is an average risk in the ability to bear financial liabilities on time.
RBB Merchant Banking Limited is the issue manager of the company. Investors can apply from birgunj, Janakpur, Narayangadh, Baglung, Butwal, Nepalgunj, Birendranagar, Dhangadhi, Birtamod, Hetauda, Tulsipur, Mahendranagar, Chainpur, Khandbari and Dharan branch offices of Rastriya Banijya Bank. Similarly, banks and financial institutions participating in the C-ASBA service licensed by the Securities Board of Nepal can also apply online using the C-ASBA system and the software ‘Mero Share’ developed by CDS and Clearing Limited online.
At present, the paid-up capital of the company stands at Rs 535.8million. After the issue and allotment, the paid-up capital of the company will reach Rs 1.07 billion.
