Kathmandu. Khanikhola Hydropower Limited is going to issue right shares from August 15. The company is going to issue 100 percent of the current paid-up capital of Rs 465.714 million in the ratio of 1:1.
Accordingly, the company will sell a total of 4,657,143 units of right shares at a face value of Rs 100 each worth Rs 465,714,300.
Shareholders can apply for this right share from the office of Citizens Capital, the sales manager of the securities, as well as the branches of Citizens Bank at Kumaripati, Thimi, Biratnagar, Birtamode, Birgunj, Surkhet, Janakpur, Nepalgunj, Narayangadh, Dhangadhi, Pokhara and Hetauda.
In addition, applications can be made for the purchase of shares from the C-ASBA system of the banks and financial institutions participating in the ASWA service approved by the Securities Board of Nepal along with Kumari Bank Lalitpur and my share of CDSC.
The company had closed the book on July 15 to issue the right shares. This means that shareholders who have been in office before July 15 will be able to apply for the right shares of this company.
Applications for the purchase of right shares can be made till September 15.
