Chhyangdi Hydropower To Close 10:3 Right Issue On Falgun 2
February 14, 2022 | Investopaper
Chhyangdi Hydropower Limited (CHL) is currently issuing the right share to the shareholders. The company is floating right share in the ratio 10:3 from Magh 11, 2078 BS. This means that shareholders with 100 shares can apply for 30 additional shares. The right issue will close on Falgun 2, 2078 BS.
The company closed the shareholders’ registration book on Poush 21, 2078 BS. Therefore, the investors purchasing the shares of CHL until Poush 20 will be eligible to apply for the right shares.
Securities Board Of Nepal (SEBON) had provided the final approval on Poush 1, 2078 BS for the issuance of the right share. The company had submitted the application to SEBON on Baisakh 15, 2078 BS.
In the right offering, the company will sell 893,025 unit shares at a par value of Rs 100. Hence, the total issue amounts to Rs 8.93 crores.
Global IME Capital Limited is the issue and sales manager for the right offering.
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