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.