Ru Ru Jalbidhyut Pariyojana to Sell 80 Percent Right Share | Appoints NIMB Ace Capital as Issue Manager
December 4, 2024 | Investopaper
Ru Ru Jalbidhyut Pariyojana Limited (RURU) is planning to sell right shares to the shareholders. The company has decided to float the right shares in the ratio 1:0.8. This means that the shareholders with 100 shares can apply for the additional 80 shares.
For this purpose, the company has appointed NIMB Ace Capital Limited as the issue and sales manager for the right offering. An agreement has been reached between the company and NIMB Ace Capital on this regard.
As of Ashad’s end 2081 BS, RURU has a paid up capital of Rs 49.33 crores. After the inclusion of the proposed 15 percent bonus share, the capital will increase to Rs. 56.73 crores. The company will issue the right shares on this capital.
Hence, the company has plans to sell right shares worth Rs. 45.38 crores. After the right issue, the paid-up capital will reach Rs. 102.11 crores.
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