KATHMANDU, Aug 1: Khani Khola Hydropower Company is set to issue rights shares from August 19. The company will issue 100 percent rights shares based on its current paid-up capital.
The rights issue will be at a 1:1 ratio, meaning shareholders will be entitled to apply for one new share for every one share they currently hold. Accordingly, the company will issue 4,657,143 units of rights shares at a par value of Rs 100 per share, amounting to a total of Rs 465.71 million.
11 bridges built, 2 under-construction on Pokhara-Muglin road
For the purpose of the rights issue, the company closed its book on July 117. Shareholders whose names were recorded in NEPSE trading up to July 10 are eligible to apply for the rights shares. Applications for the rights issue can be submitted until September 8.
At present, the company’s paid-up capital stands at Rs 465.71 million. After the issuance and allotment of the rights shares, the paid-up capital will reach Rs 931.42 million.
