Dordi Khola Jal Bidyut Company Closing Issue of 1:1 Right Share from Today
April 27, 2025 | Investopaper
Dordi Khola Jal Bidyut Company Limited (DORDI) is currently selling the right shares to the shareholders. The company is issuing the right shares in the ratio 1:1. This means that shareholders’ with 100 shares can apply for the additional 100 right shares.
The right offering is open from Chaitra 19, 2081 BS and will close on Baisakh 14, 2082 BS. Earlier, the right issue was set to close on Baisakh 8, 2082 BS. However, due to under-subscription until that period, the deadline for application was extended.
For this purpose, the company had announced the book closure date on Falgun 15, 2081 BS. Therefore, the investors holding/purchasing the shares of DORDI until Falgun 14, 2081 BS will be eligible to subscribe for the right shares.
Securities Board of Nepal (SEBON) gave the approval to the company on Magh 22, 2081 BS. The hydropower company had submitted the application to the board on Ashad 9, 2081 BS. Only after the approval from the regulatory body SEBON, the company can issue the right shares.
The company has appointed Sanima Capital Limited as the issue and sales manager. An agreement has been reached between Sanima Capital and the hydropower company on this regard.
Electricity Regulatory Commission has given the approval to the company for the right offering.
As of Poush’s end 2081 BS, Dordi Khola Jal Bidyut Company has a paid-up capital of Rs. 105.42 crores. Hence, DORDI has plans to float 105.42 lakh shares in the right offering. At a par value of Rs 100, the right issue amounts to Rs 105.42 crores.
After the right issue, the paid-up capital will reach Rs. 210.84 crores.
The company is currently operating a 12 MW Dordi-1 Hydroelectric Project in Lamjung District.
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