September 24, 2023 | Investopaper
If a company listed in the stock exchange again issues the shares, the existing shareholders get the first right to purchase such shares. As such shares are the first right of the existing shareholders, they are called right shares. Existing shareholders are free to decide whether or not to purchase rights shares.
At current, there are 11 companies in Nepal waiting in line to issue the right share to their shareholders. These companies are waiting for approval from the Securities Board Of Nepal (SEBON). Without the final approval from Sebon, the companies cannot float the right share.
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Among the 11 companies in process of issuing the right share, 10 are hydropower companies.
The table below shows the list of companies that are in the process of issuing the right share.
Upcoming Right Share/Issue In Nepal
|S.N.||Company||Right Share Ratio||No. of Units||Right Share Amount||Issue Manager|
|1||Chhyangdi Hydropower Limited||1:1||3,869,775||386,977,500||BOK Capital Market Limited|
|2||Singati Hydro Energy Limited||1:1||14,500,000||1,450,000,000||Kumari Capital Limited|
|3||Himalaya Urja Bikas Company Limited||1:1||9,900,000||990,000,000||Nabil Investment Banking Limited|
|4||Arun Valley Hydropower Development Company Limited||1:1||18,679,626||1,867,962,600||Muktinath Capital Limited|
|5||Narayani Development Bank Ltd||1:1||2,624,676||262,467,600||Global IME Capital ltd.|
|6||Liberty Energy Company Limited||1:0.5||7,500,000||750,000,000||Prabhu Capital Limited|
|7||Ridi Power Company Limited||1:0.5||7,744,506||774,450,600||Muktinath Capital Limited|
|8||Ngadi Group Power Limited||1:1||18,512,792.23||1,851,279,223||Siddhartha Capital Limited|
|9||Akhukhola Jalbidhyut Company Limited||1:1.5||12,000,000.00||1,200,000,000||Nabil Investment Banking Limited|
|10||Barun Hydropower Company Limited||1:1||5,358,150.00||535,815,000||RBB Merchant Banking Limited|
|11||Ghalemdi Hydro Limited||1:2||11,000,000||1,100,000,000||Muktinath Capital Limited|
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