United Idi Mardi & RB Hydropower to Sell 100 Percent Right Share
November 22, 2024 | Investopaper
United Idi Mardi & RB Hydropower Limited (UMRH) is planning to sell right shares to the shareholders.
As informed on Nepse, 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.
The company will take the agenda of issuing right shares to its upcoming Annual General Meeting after the permission from Electricity Regulatory Commission.
The hydropower company will begin the procedures for the right offering after the approval from the annual general meeting.
At present, UMRH has a paid up capital of Rs. 44.31 crores. After the adjustment of proposed 4 percent bonus shares, the paid-up capital will increase to Rs. 46.08 crores. Hence, the company has plans to sell right shares worth Rs. 46.08 crores. After the right issue, the paid-up capital will reach Rs. 92.16 crores.
United Idi Mardi & RB Hydropower is currently operating a 7 MW Upper Mardi Khola Hydropower Project since Ashwin 20, 2076 BS.
