Kathmandu. Applications can be made for 100% right shares of Khani Khola Hydropower Company Limited till September 21. The company has extended the deadline for applying for the right shares from August 19.
Earlier, the company had extended the deadline till September 14. In view of the current difficult situation in the country, the company has extended the term for the right shares till September 20.
The company is issuing 1 unit of right shares at par with the existing 1 unit of right shares. Accordingly, the company is issuing 4,657,143 units of right shares at a face value of Rs 100 per share.
The company had closed its book on July 11 for the purpose of issuing right shares. Accordingly, the shareholders who have been traded in NEPSE till July 26 can apply for the right shares.
Citizens Capital Limited has been appointed as the issue manager for the IPO issuance. ICRA Nepal has assigned ICRANP Single B Issuer Rating to the company. This indicates that there is a high risk to our ability to bear financial obligations on time.
The interested bidders can bid for the shares from Kumari Bank at Lalitpur, Birgunj, Surkhet, Biratnagar, Birtamode, Birgunj, Surkhet, Pokhara, Butwal, Hetauda, Narayangadh, Dhangadhi, Pokhara, Butwal and Hetauda branch of Citizens Bank International. Moreover, the interested bidders can apply for the shares online from the banks and financial institutions licensed by the Securities Board of Nepal (SEBON) through the board of directors (SEBON) and online from CDS & Clearing Limited (CDS & Clearing).
