Kathmandu. The deadline for applying for right shares of Joshi Hydropower has been extended.
The company had opened the sale of right shares from July 15. Applications can be made in this right till August 30. However, the deadline to apply has been extended till September 15 as it did not comply with the demand.
The Securities Board of Nepal (SEBI) has allowed Joshi Hydropower to issue 65 per cent right shares in the ratio of 10:6.5 with a paid-up capital of Rs 371.4 million. At the same time, the company has issued a total of 2,414,100 units of right shares at a face value of Rs 100.
The shareholders of the company can apply from the c-ASWA service approved by the Securities Board of India and my share of the participating banks and financial institutions and CDSC.
The company had closed the book for one day on June 15 to issue the right shares. Therefore, only the shareholders who have been retained till June 15 (Friday, June 1and Saturday, June 7) will be able to apply for this right.
Laxmi Sunrise Capital is the right sales manager of Joshi Hydropower.
