Khani Khola Hydropower Company to Float 1:1 Right Share | Submits Application to SEBON
March 7, 2024 | Investopaper
Khani Khola Hydropower Company Limited (KKHC) is planning to sell right shares to the shareholders. For this purpose, the company has submitted the application to the Securities Board of Nepal (SEBON) on Falgun 17, 2080 BS. Only after the approval from the regulatory body SEBON, the company can sell the shares to the public.
The company has decided to float the right shares in the ratio 1:1. This means that the shareholders with 100 shares can apply for the additional 100 shares.
At present, KKHC has a paid up capital of Rs. 46.57 crores. Hence, the company has plans to sell right shares worth Rs. 46.57 crores. After the right issue, the paid-up capital will reach Rs. 93.14 crores.
Citizens Capital Limited is the issue and sales manager for the right offering. An agreement has been reached between the hydropower company and Citizens Capital on this regard.
Khani Khola Hydropower is currently operating two hydropower projects, namely 4.36-MW TungunThosne Hydropower Project and its 2-MW cascade project, namely the Khani Khola Hydropower Project
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Kahile dine ho kkhc ko right share