Kathmandu. Today is the last day to apply for the right shares of Barun Hydropower Company.
The company had opened the rights sale from June 1. Applications can be made for this right till today’ banking.
The company has opened the sale of 100 percent right shares in the ratio of 1:1 of the current paid-up capital. Accordingly, the company issued a total of 5,358,150 units of right shares worth Rs 535.81 million to its shareholders at a face value of Rs 100 each.
The shareholders can apply from RBB Merchant Banking, the right share sale manager, as well as from The Rastriya Banijya Bank’s Birgunj, Janakpur, Narayangadh, Baglung, Butwal, Nepalgunj, Birendranagar, Dhangadhi, Birtamod, Hetauda, Tulsipur, Mahendranagar, Chainpur, Khandbari and Dharan branch offices. The banks and financial institutions participating in the ASBA service approved by the Securities Board of Nepal can apply through the C-ASBA system and through the CDSC’s ‘My Share’.
The company had closed the book on June 15 to issue the rights. This means that the shareholders who have been in office till June 15 can apply for the purchase of this right.
At present, the paid-up capital of the company stands at Rs 535.81 million. After the right sale, the paid-up capital of the company will reach Rs 1.07 billion.
