Kathmandu. Nepal Stock Exchange (NEPSE) has revised the price of shares of Himalayan Power Partners.
NEPSE has adjusted its share price to Rs 381.33 per share. It was Rs 522 per share at the last trading price yesterday. The shares will now be traded at the adjusted price.
The company has closed the book for the issuance of right shares on March 24. This means that only the shareholders who have been held as of March 9 are eligible to apply for the right shares of the company.
The company has received permission from the Securities Board of Nepal (SEBON) to issue 50 percent right shares at the ratio of 1:0.5 of its current paid-up capital of Rs 1,065.417. The company will now issue 53,27,08,500 right shares to its shareholders.
Accordingly, the company will issue a total of 5,327,085 units of shares at face value of Rs 100. After the issuance of the right shares, the paid-up capital of the company will stand at Rs 1,59,81,25,500.
Global IME Capital has been appointed as the issue manager for the right issue of Himalayan Power Partners.
