Kathmandu. Shivashree Hydropower Company has fixed the date of book closure for the purpose of issuing right shares.
A meeting of the board of directors of the company has decided to close the book for one day on July 15. This means that shareholders who have been retained till June 15 will be able to apply for the right shares of this company.
The Securities Board of Nepal (SEBI) on July 17 allowed the company to issue right shares in the ratio of 1:1, i.e. 100 percent of the current paid-up capital. The company will now issue rights shares worth Rs 1.47 billion to its shareholders.
The company will sell a total of 14.76 million units of shares at a face value of Rs 100 each. Citizens Capital is the right share sale manager of the company.
