Kathmandu. Barun Hydropower Company Limited is going to issue 100% right shares from Asad 31. The company has received permission from the Nepal Securities Board to issue 53 lakh 58 thousand 150 units of right shares at a face value of Rs 100 per share in the ratio of 1:1.
The book was closed on Jestha 22 for the purpose of issuing right shares. Based on the book close, only shareholders who are registered with the Nepal Stock Exchange (NEPSE) till Jestha 21 can apply. The last date for applying has been fixed on Asad 19.
Care Rating Nepal has assigned CareNP Double B Issuer Rating to the company in the rating conducted for the right shares issuance. This indicates a high risk in the company’s ability to meet its financial obligations on time.
The company’s share issue and sale manager is RBB Merchant Banking Limited. Investors can apply through the sales manager as well as the Birgunj, Janakpur, Narayangadh, Baglung, Butwal, Nepalgunj, Birendranagar, Dhangadhi, Birtamod, Hetauda, Tulsipur, Mahendranagar, Chainpur, Khandbari and Dharan branch offices of Rastriya Banijya Bank.
Similarly, all banks and financial institutions participating in the C-ASBA service licensed by the Nepal Securities Board and the designated branch offices of the three can also apply through Mero Share.
Currently, the company’s paid-up capital is Rs 535.815 million. After the allotment of right shares, the company’s paid-up capital will reach Rs 1.76 billion.
प्रतिक्रिया दिनुहोस्