Kathmandu. Shivashree Hydropower limited has opened the sale of right shares to its shareholders from Today.
The company has issued 100 percent of the current paid-up capital i.e. one unit of new right share equal to one unit share. Accordingly, the company issued a total of 14.76 million units of right shares at a face value of Rs 100 each worth Rs 1.47 billion.
Shareholders can apply from citizens capital, the securities sales manager, as well as citizens bank branches at Kumaripati, Thimi, Biratnagar, Birtamode, Birgunj, Surkhet, Janakpur, Nepalgunj, Narayangadh, Dhangadhi, Pokhara, Butwal and Hetauda. Applications can also be made through the banks and financial institutions participating in the C-ASBA service approved by the Securities Board of Nepal and from ‘My Share’ of CDSC. Applications can be made for this right share till September 15.
The company had closed the book for issuing the right shares on July 15. This means that the shareholders will be able to fill this right share till July 31.
