Liberty Energy Company to Close 2:1 Right Share on Poush 7
December 9, 2024 | Investopaper
Liberty Energy Company Limited (LEC) is currently selling the right shares to the shareholders from Mangsir 16, 2081 BS. The company is issuing the right shares in the ratio 2:1. This means that shareholders’ with 100 shares can apply for the additional 50 right shares.
The right offering will close on Poush 7, 2081 BS.
For this purpose, the company had announced the book closure date on Karthik 23, 2081 BS. Therefore, the investors holding/purchasing the shares of LEC until Karthik 21, 2081 BS will be eligible to purchase the right shares.
Securities Board Of Nepal (SEBON) provided approval to the company on Ashwin 23, 2081 BS. The company had submitted the application to the board on Bhadra 21, 2080 BS seeking permission to float the shares. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
Electricity Regulatory Commission has already granted the approval to the company for the right offering.
The right offering will be on the current capital of Rs. 1.50 Arba. Hence, the company plans to issue 75 lakh unit right shares that amounts to Rs. 75 crores.
Prabhu Capital is the issue and sales manager for the right issuance.
After the right issue, the paid-up capital will reach Rs. 2.25 Arba.
Liberty Energy Company is currently operating a 25 MW Upper Dordi ‘A’ Hydropower Project in Lamjung. Similarly, the company is planning to develop a 24.6 MW Badigad Hydroelectric Project in Baglung and Gulmi district.
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