HIDCL Book Closure Date For 1:1 Right Share On Jestha 28

June 10, 2021 | Investopaper

Hydroelectricity Investment and Development Co. Ltd (HIDCL) is going to issue the right share to the shareholders in the ratio of 1:1. This means that shareholders with 100 shares can apply for the additional 100 right shares.

For the purpose of right offering, the company has announced the book closure date on Jestha 28, 2078 BS. Hence, the shareholders purchasing the shares until Jestha 27, 2078 can apply for the right shares.

Securities Board Of Nepal (SEBON) had provided the approval on Jestha 9, 2078 BS to the right offering. The company had submitted the application to SEBON  on Chaitra 12, 2078 BS.

HIDCL is planning to float 110,000,000 shares at a par value of Rs 100. Hence, the right issue amounts to Rs 11 Arba.

The company has appointed Global IME Capital Limited as the issue and sales manager for the right offering.


Recommended:

How To Apply IPO/FPO/Right Share Through Mero Share?

Investopaper

Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

5 thoughts on “HIDCL Book Closure Date For 1:1 Right Share On Jestha 28

  • June 10, 2021 at 5:56 am
    Permalink

    Hi can i know how to apply for this specific share. I have 100 share already but my meroshare doesn’t show option to apply this share.

    Reply
    • June 10, 2021 at 9:55 am
      Permalink

      The company hasn’t issued the shares yet. After the right issue opens, you can apply for the shares.

      Reply
    • June 13, 2021 at 5:38 am
      Permalink

      hello when can i apply for hidcl right share? when it will come

      Reply
  • June 12, 2021 at 6:44 am
    Permalink

    Will it appear in mero share

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!