CEDB Hydropower (CHDC) to Issue 1:0.54 Right Share
September 15, 2024 | Investopaper
CEDB Hydropower Development Company Limited (CHDC) is planning to sell right shares to the shareholders. The company has decided to float the right shares in the ratio 1:0.54. This means that the shareholders with 100 shares can apply for the additional 54 shares.
As of Ashad’s end 2081 BS, CHDC has a paid up capital of Rs 93.17 crores. After the inclusion of the proposed 11 percent bonus share, the capital will increase to Rs. 103.42 crores. The company will issue the right shares on this capital.
Hence, the company has plans to sell right shares worth Rs. 56.36 crores. After the right issue, the paid-up capital will reach Rs. 159.26 crores.
