September 21, 2022 | Investopaper
Radhi Bidyut Company Limited (RADHI) is issuing right shares to the shareholders from Ashwin 5, 2079 BS.
The company has plans to float the right share in the ratio 1:1.4752. This means that shareholder with a 100 shares can apply for 147.52 right shares at a par value of Rs. 100.
For this purpose, the company had announced the book closure date on Bhadra 12, 2079 BS. Therefore, investors purchasing the shares of RADHI until Bhadra 10 can apply for the right shares.
At current, Radhi Bidyut Company has a paid-up capital of Rs. 64.64 crores. At this capital, the right issue amounts to Rs 95.35 crores. Hence, the hydropower company will sell 9,535,760.99 units right shares.
Muktinath Capital Limited has been appointed as the issue and sales manager for the right offering.
Securities Board Of Nepal (SEBON) has provided approval to the company on Shrawan 9, 2079 BS for the right offering. For this purpose, the company had submitted the application to the board on Baisakh 28, 2079 BS.