CEDB Holdings (CHDC) to Issue 1:0.545 Right Share | Submits Application to SEBON
December 9, 2024 | Investopaper
CEDB Holdings Limited (CHDC), formerly known as CEDB Hydropower Development Company Limited, is planning to sell right shares to the shareholders. The company has decided to float the right shares in the ratio 1:0.545. This means that the shareholders with 100 shares can apply for the additional 54.5 shares.
For this purpose, the company has submitted an application to the Securities Board of Nepal (SEBON) on Mangsir 20, 2081 BS. Only after the approval from the regulatory body SEBON, the company can issue the shares.
The company has appointed Muktinath Capital Limited as the issue and sales manager. An agreement has been reached between the company and Muktinath Capital on this regard.
As of Karthik’s end 2081 BS, CHDC has a paid up capital of 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. 159.78 crores.
